Mark Wintner Of JLL Secures $25M Loan On 1737 N Las Palmas Ave, Los Angeles

The Line Lofts, located at 1737 N. Las Palmas Ave in Los Angeles' Hollywood neighborhood, is a newly completed multifamily community featuring 82 luxury lofts and flats. The property, designed by Zoltan Pali of SPF:architects, offers units ranging from 415 to 1,477 square feet. Amenities include luxury kitchens and baths, double-pane architectural windows, wood-grain plank flooring, and atrium-style outdoor balconies. Common areas feature The Sky Lounge, The Retreat, The Wellness Spot, and ground-floor retail spaces.

Summary of transaction details:

• Property Type: Multifamily community
• Transaction Amount: $25,000,000.00
• Borrower's Rep: Mark Wintner (JLL)
• Lender: Unknown Correspondent life insurance company

Mark Wintner of HFF played a crucial role in arranging the 10-year, 4.45 percent fixed-rate loan through a correspondent life insurance company for Wilshire Skyline, the borrower of The Line Lofts. The refinancing deal secured $25 million for the property, emphasizing the success of the transaction in securing long-term financing for the multifamily community.