JLL Arranges $120.8 Million Construction Loan For Après Beverly Grove Residence Club

The property asset involved is a multifamily development project located at 400 San Vicente Boulevard in the Beverly Grove market. The project encompasses 126 units and spans a total square footage of 168,239. The transaction involved a construction loan amounting to $120,800,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $120,800,000
• Address: 400 San Vicente Boulevard
• Market: Beverly Grove
• Units: 126
• Square Footage: 168,239
• Landlord: The Abraham Companies
• Brokers: Marc Schillinger, Mark Erland, Matt Benson, Keaton Yellin & Allie Black - JLL
• Loan Type: Construction
• Loan Terms: See Notes

The deal was facilitated by brokers Marc Schillinger, Mark Erland, Matt Benson, Keaton Yellin, and Allie Black from JLL, who arranged non-recourse construction financing for the Après Beverly Grove Residence Club, a luxury mixed-use development that incorporates ground-floor retail space.