Clay Goldthwait And Hiren Naik Of BOLOUR Associates Provide $5.7M Loan For West Hollywood Multifamily

The property asset involved in this transaction is a multifamily unit located at 626 North Flores Street in West Hollywood. The asset comprises 19 units and has a total square footage of 23,000. The loan amount associated with this transaction is $5,700,000, utilized for acquisition purposes with a term of 24 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Address: 626 North Flores Street
• Market: West Hollywood
• Units: 19
• Square Footage: 23,000
• Lender: BA Debt Fund
• Loan Type: Acquisition
• Loan Terms: 24 Months
• Brokers: David Oheb & Max Jacobson - Meridian Capital Group
• Lender's Representatives: Clay Goldthwait & Hiren Naik - BOLOUR Associates

Clay Goldthwait and Hiren Naik from BOLOUR Associates played a key role in closing this loan quickly within two weeks. They maximized leverage and provided necessary renovation funds for the sponsor's business plan execution. BOLOUR is known for providing certainty and flexibility in loan transactions, especially when timing is critical.