Continental Partners Provides $6.4M Construction Loan For Development Site On Blix St. In North Hollywood

The development site located at 10806 Blix St. in North Hollywood has recently secured a construction loan. The loan, provided by Continental Partners, amounts to $6,400,000 and is a 10-year fixed construction to perm loan. The loan terms include a 3.95% interest rate and cover 70% of the cost of the project. This development site has a buildable square footage (BSF) of 14,370 and is owned by Eli Meborakh.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $6,400,000
• Loan Type: Construction
• Loan Terms: 10 Year Fixed Construction to Perm Loan at 3.95% Interest Rate at 70% of Cost

The loan transaction was facilitated by brokers Brian Asheghian and JM Grimaldi from Continental Partners. They represented the parties involved in securing the loan for this development site in North Hollywood.