NBP Capital Secures $130M Construction Loan For Downtown LA Multifamily

Located in Downtown Los Angeles, the multifamily property at 200 Mesnager St. recently underwent a closed transaction. With a total square footage of 376,920, the property consists of 280 units, making it a significant asset in the area's real estate market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $130,000,000
• Address: 200 Mesnager St.
• Market: Downtown Los Angeles
• Square Footage: 376,920
• Units: 280

The transaction was facilitated by NBP Capital, who acted as the landlord in the deal. Serving as the broker for the transaction was Malcolm Davies of George Smith Partners, representing the buyer.

The financing for this transaction was obtained through a construction loan amounting to $130,000,000. This significant loan will support the development and construction of the multifamily property at 200 Mesnager St., further enhancing the real estate landscape in Downtown Los Angeles.