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Alex Massachi Of Massachi Industries Secures $48 Million Construction Loan From Bank Of America For Development Site In West Hollywood

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FINANCED
$48,000,000

California

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Development Site130,000 SF
Financed 05/01/2026
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FINANCED

Alex Massachi Of Massachi Industries Secures $48 Million Construction Loan From Bank Of America For Development Site In West Hollywood

8025 Santa Monica Boulevard

See Similar Deals
Development Site130,000 SF
Financed 05/01/2026
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$369
Total Square Footage:130,000 SF
Transaction Type:Loan

The asset involved is a development site located at 8025 Santa Monica Boulevard in West Hollywood. The total square footage of the site is 130,000. The loan amount secured for this project is $48,000,000, classified as a construction loan, provided by Bank of America.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $48,000,000
  • Address: 8025 Santa Monica Boulevard
  • Market: West Hollywood
  • Lender: Bank of America
  • Landlord: Alex Massachi - Massachi Industries

Alex Massachi, founder of Massachi Industries, is leading the development project, which is noted to be the largest housing initiative West Hollywood has encountered in the last decade, according to CoStar data.

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3 deals$71M volume
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Details

FINANCED
IMAGE: Alex Massachi DATE: 05/01/2026 ADDRESS: 8025 Santa Monica Boulevard MARKET: West Hollywood ASSET TYPE: Development Site ~ SF: 130,000 LENDER: Bank of America (@BankofAmerica) LANDLORD: Alex Massachi - Massachi Industries LOAN AMOUNT: $48,000,000 LOAN TYPE: Construction NOTE: Founded by Alex Massachi, the firm has broken ground on what will be the largest housing project West Hollywood has seen in the last decade per CoStar data.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$48,000,000.00

Monthly NOI$320,000.00
Monthly Debt Service$303,392.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00