Ready Capital Provides $141.4M Preferred Equity Loan For Multifamily Property In Santa Monica

1522 6th Street, Suite 100

MultiFamily

Financed 1 year ago

Summary

Loan

CALIFORNIA

MultiFamily

An undisclosed multifamily property in Santa Monica has secured a preferred equity loan from Ready Capital. The asset, located at 1522 6th Street, Suite 100, comprises a total of 399 units.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $141,400,000
Lender: Ready Capital
Landlord: WS Communities
Broker: Bryan Gortikov - Gortikov Capital

WS Communities, the landlord of the property, facilitated the deal, whereas Bryan Gortikov from Gortikov Capital acted as the broker representative.

Players

All
1

Agents
1

Bryan Gortikov

President

$27.5M Sold

Details

Deal Summary

FINANCED

IMAGE: Neil Shekhter DATE: 10/07/2022 ADDRESS: 1522 6th Street, Suite 100 MARKET: Santa Monica ASSET TYPE: Multifamily ~ UNITS: 399 LENDER: Ready Capital (@Ready_Capital) LANDLORD: WS Communities BROKER: Bryan Gortikov (@B.Gort)- Gortikov Capital LOAN AMOUNT: $141,400,000 LOAN TYPE: Preferred Equity

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Address1522 6th Street, Suite 100

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