FINANCED
JLL Secures $16.7M Construction Loan For 39-Unit Multifamily Complex In LA Koreatown
3050 West 11th Street
MultiFamily
Financed 269 days ago
Summary
Loan
CALIFORNIA
MultiFamily
The Hobart, a 39-unit upscale residential complex located at 3050 West 11th Street in Los Angeles' Koreatown, has secured a $16.7 million construction loan. Developed by Jannone Development and completed in 2023, this multifamily property offers diverse unit sizes, standing out in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,700,000
- Units: 39
- Address: 3050 West 11th Street, Los Angeles
- Market: Los Angeles
- Landlord: Jannone Development - Marc Jannone
- Brokers: Chris Collins & Brad Vansant - JLL
- Loan Type: Construction Loan
- Loan Terms: 2 year, floating rate
JLL Capital Markets facilitated the loan transaction for The Hobart. Chris Collins and Brad Vansant of JLL represented the developers, Jannone Development, in securing the $16.7 million loan. The financing will support the construction of this distinguished residential complex in the heart of LA's Koreatown.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Brad Vansant & Chris Collins
DATE: 08/09/2023
ADDRESS: 3050 West 11th Street
MARKET: Los Angeles
ASSET TYPE: Multifamily ~ UNITS: 39
LANDLORD: Jannone Development - Marc Jannone
BROKERS: Chris Collins & Brad Vansant - JLL (@JLL)
LOAN AMOUNT: $16,700,000
LOAN TYPE: Construction Loan
LOAN TERMS: 2 year, floating rate
NOTE: JLL Capital Markets has secured a $16.7 million loan for The Hobart, a 39-unit upscale residential complex in LA's Koreatown. The project was developed by Jannone and offers diverse unit sizes, standing out in the area; the building was completed in 2023.View on map
Loading...
Address3050 West 11th Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want