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

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/.