Tony Messiah And Garrett Carter Arrange $25 Million Refinance For Yamashiro Mountain In Hollywood

The property involved in this transaction is a mixed-use asset located at 1999 North Sycamore Avenue, Hollywood, California. The asset spans 62,500 square feet and includes several operational components, such as the well-known Yamashiro restaurant, the adjacent Yamashisha Lounge, a hotel, and a multifamily apartment building. The property was refinanced for a total of $25 million.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $25,000,000
• Loan Type: Refinance
• Address: 1999 North Sycamore Avenue
• Market: Hollywood
• Loan-to-Value Ratio: 31%
• Term: 5 years
• Amortization: 25 years

Tony Messiah and Garrett Carter from Pacific Southwest Realty Services (PSRS) facilitated this multi-faceted refinancing transaction. They coordinated the underwriting for multiple asset classes and handled complex partnership buyouts, ensuring a customized financing structure that addressed the needs of all involved parties. The refinancing was arranged through one of PSRS's correspondent life insurance companies.