Fulcrum - Alter Mile Group Provides $15.6M Construction Loan For MultiFamily Property On North Formosa Avenue, West Hollywood | 1242 North Formosa Avenue | Jennifer Lopez | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

12,000 sqft

Located at 1242 North Formosa Avenue in West Hollywood, this multi-family property boasts 18 units and spans across 12,000 square feet. The property is part of a closed transaction, involving a construction loan.

Summary of transaction details

Property Type: MultiFamily
Transaction Amount: $15,600,000
Loan Type: Construction
Loan Terms: Ground up construction loan
Lender: Fulcrum - Alter Mile Group
Broker: Jennifer Lopez - United Finance & Investments Inc

In this deal, the lending institution responsible for providing the construction loan is Fulcrum - Alter Mile Group. Representing the buyers in this transaction is broker Jennifer Lopez from United Finance & Investments Inc.

Players

All
1

Agents
1

Jennifer Lopez

Managing Director

Details

Deal Summary

FINANCED

IMAGE: Jennifer Lopez DATE: 07/05/2023 ADDRESS: 1242 North Formosa Avenue MARKET: West Hollywood ASSET TYPE: MultiFamily ~ UNITS: 18 ~ SF:12,000 LENDER: Fulcrum - Alter Mile Group BROKERS: Jennifer Lopez - United Finance & Investments Inc (@Ufigroup.Re) LOAN AMOUNT: $15,600,000 LOAN TYPE: Construction LOAN TERMS: Ground up construction loan

View on map

Address1242 North Formosa Avenue

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want