David Brickman And Brittany Mitchel Provide $43.2 Million Bridge Loan For Mixed-use Asset In Los Angeles
269 South Mariposa Avenue
$43,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 1, 2026
AI
The property asset involved in this transaction is a mixed-use development located at 269 South Mariposa Avenue in Los Angeles, CA. It consists of a total of 123 units, comprising 1 commercial unit and 122 residential units. The loan amount for this property is $43,200,000 with a bridge loan type.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $43,200,000
- Units: 123 (1 Commercial & 122 Residential)
- Lender: David Brickman & Brittany Mitchel - D2 Residential
- Brokers: Adrian Edery & Josh Eliassian - Two50 Capital Group
The key individuals involved in this deal include David Brickman and Brittany Mitchel from D2 Residential, who acted as the lenders, and Adrian Edery and Josh Eliassian from Two50 Capital Group, who served as brokers for the transaction. Two50 Capital Group is noted for actively placing competitive bridge, permanent, and construction financing across various asset classes throughout the country.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93