BOLOUR Provides $12.5 Million Loan For Mixed-Use Property Acquisition In Venice Beach

The asset involved in this transaction is a mixed-use property located at 909 Ocean Front Walk in Venice, with a total square footage of 30,933. The loan amount secured for this property is $12,500,000, which is specifically designated for acquisition purposes. The loan terms include a duration of 12 months with a possible 6-month extension.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,500,000
• Loan Type: Acquisition
• Loan Terms: 12 Months + 6 Month Extension
• Lender: BA Debt Fund
• Lender's Representatives: Mark Bolour, Jason Huang & DaJuan Bennett - BOLOUR
• Landlord's Representatives: Matt Stewart & Ace Sudah - JLL

This transaction highlights the participation of several key individuals. The lender, BA Debt Fund, was represented by Mark Bolour, Jason Huang, and DaJuan Bennett, who facilitated the financial aspects of the deal. On the landlord's side, Matt Stewart and Ace Sudah from JLL represented the interests of the landlord during the transaction.