CBRE Provides $41.5M Loan For Multifamily Property At 225 West Third Street In Long Beach

225 West 3rd Street, Los Angeles, CA 90013

$41,500,000

$42,651/SF

Building Size

973 SF

Asset Type

MultiFamily

Closing

Jul 13, 2020

AI

A multifamily property located at 225 West Third Street in Long Beach has recently been involved in a closed transaction. The property, owned by Gelt Inc., was the subject of a loan provided by CBRE. The loan amount for this transaction was $41,500,000.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $41,500,000
Address: 225 West Third Street
Market: Long Beach
Lender: CBRE
Landlord: Gelt Inc.
Brokers: Brandon Smith, Annie Rice & David Pelaia - JLL Capital Markets

The loan transaction was facilitated by CBRE, serving as the lender for the transaction. Gelt Inc., the owner of the property, worked with Brandon Smith, Annie Rice, and David Pelaia of JLL Capital Markets as their brokers in this deal.

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