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Bolour Associates Provides $11.5M Loan For Downtown Los Angeles Development Site

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FINANCED
$11,500,000
Jeff Sause
Mark Bolour
Steven Simantob

California

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Development Site30,476 SF
Financed 02/28/2022
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FINANCED

Bolour Associates Provides $11.5M Loan For Downtown Los Angeles Development Site

1200 South Olive Street, Los Angeles, California 90015, United States

See Similar Deals
Development Site30,476 SF
Financed 02/28/2022
Jeff Sause
Mark Bolour
Steven Simantob
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$377
Total Square Footage:30,476 SF
Transaction Type:Loan

A prime downtown Los Angeles land site has been purchased with the help of an $11.5 million land loan provided by Bolour Associates. The property, located at 1200 S. Olive St., is a development site spanning 30,476 square feet with plans for a 16-story, 356-unit modular multifamily development. Bolour Associates specializes in urban infill primary and secondary markets and offers financing options ranging from $1 million to $30 million with interest rates starting at 7.5%.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $11,500,000
  • Address: 1200 S. Olive St.
  • Market: Downtown Los Angeles
  • Size: 30,476 square feet
  • Units: 356

The Bolour Associates team, consisting of Seven Simantob and Mark Bolour, facilitated the loan transaction. For more information on Bolour's lending services, you can contact Steven Simantob at ☎️ 323-677-0550 ext.133 or via email at [email protected]. Further details can also be found on their website at bolourassociates.com/lending/.

Players

Jeff Sause
JLL
Jeff Sause
33 deals$1.6B volume
BROKER
Mark Bolour
Bolour Associates
Mark Bolour
12 deals$138.8M volume
LENDER
Steven Simantob
Bolour Associates
Steven Simantob
4 deals$31.6M volume
LENDER
Bolour Associates
Bolour Associates
LENDER

Details

FINANCED
IMAGE: Jeff Sause, Seven Simantob & Mark Bolour DATE: 02/28/2022 ADDRESS: 1200 S. Olive St. MARKET: Downtown Los Angeles ASSET TYPE: Development Site ~ SF: 30,476 ~ UNITS: 356 LENDER: Bolour Associates - Seven Simantob (@StevenSimantob) & Mark Bolour (@Bolour_CRE) BROKER: Jeff Sause - JLL LOAN AMOUNT: $11,500,000 LOAN TYPE: Acquisition Loan NOTE FROM @Bolour_CRE: BOLOUR was pleased to provide this $11.5M land loan, allowing our client to purchase a prime downtown Los Angeles land site & proceed with entitlement for a 16-story, 356-unit modular multifamily development. Contact Steven Simantob at ☎️ 323-677-0550 ext.133, 📧 [email protected], or visit bolourassociates.com/lending/ for more on how Bolour can fulfill your lending needs. BOLOUR is an asset-based bridge lender specializing in urban infill primary & secondary markets. BOLOUR draws from our experience in investment & development to tackle complicated deals, including unentitled land plays. We can finance up to 75% LTV, loan term up to 2 years, loan amount from $1 million to $30 million, & interest rates starting at 7.5%.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,500,000.00

Monthly NOI$76,666.67
Monthly Debt Service$72,687.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00