ELK Development Secures $41M Loan For Mixed-Use Development On N. Highland Avenue, Hollywood

1410 North Highland Avenue, Hollywood, Los Angeles, CA, USA

$41,000,000

$8,541/SF

Building Size

4,800 SF

Asset Type

Mixed-use

Closing

Mar 31, 2021

AI

A mixed-use development located at 1410 N. Highland Avenue in Hollywood has been involved in a recent closed property transaction. The transaction took place on 04/01/2021. The property consists of 180 units and is part of the Hollywood market.

Summary of transaction details

Property Type: Mixed-use development
Transaction Amount: $41,000,000
Borrower: ACRES Capital - Mark Fogel
Landlord: ELK Development - Evan Kasper
Broker: Shahin Yazdi - George Smith Partners

The lender in this transaction was ACRES Capital, represented by Mark Fogel. The borrower's representative was Shahin Yazdi from George Smith Partners. The landlord, ELK Development, was represented by Evan Kasper.

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