Lightstone Capital Provides $44M Loan For Mixed-Use Property In Santa Monica

The mixed-use property located at 1650 Lincoln Boulevard and 1543–1547 7th Street in Santa Monica has recently been involved in a closed transaction. This property, situated in a desirable market, consists of 198 units and has attracted the attention of notable individuals in the real estate industry.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Date: 09/16/2019
• Address: 1650 Lincoln Boulevard & 1543–1547 7th Street, Santa Monica
• Market: Santa Monica
• Landlord: WS Communities
• Lender: Lightstone Capital
• Loan Amount: $44,000,000
• Units: 198

Eugene Rozovsky, David Lichtenstein, Mitchell C. Hochberg, and Neil Shekhter were involved in the transaction as representatives of the individuals and companies associated with the property. Their presence underscores the significance of this closed deal and highlights their expertise in handling complex real estate transactions in the market.