J.H. Snyder Company Secures $171.6M Loan For Miracle Mile Multifamily With KKR

The property involved in this transaction is a multifamily asset located at 640 South Curson Avenue in the Miracle Mile market. The loan for this property was provided by KKR, with Henry R. Kravis and George R. Roberts as the lenders. The landlord of the property is J.H. Snyder Company, represented by Lon Snyder. The brokers involved in the deal were Seth Grossman, Steve Edelstein, and Jackie Tran from Meridian Capital Group. The loan amount for this transaction was $171,600,000, and the property consists of 285 units. The loan term is 10 years, fixed-rate.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $171,600,000
• Address: 640 South Curson Avenue
• Market: Miracle Mile
• Lender: KKR - Henry R. Kravis & George R. Roberts
• Landlord: J.H. Snyder Company - Lon Snyder
• Brokers: Seth Grossman, Steve Edelstein & Jackie Tran - Meridian Capital Group
• Units: 285
• Term: 10-year, fixed-rate

The individuals and companies involved in this deal include KKR, represented by Henry R. Kravis and George R. Roberts as lenders, and J.H. Snyder Company, represented by Lon Snyder as the landlord. The brokers who facilitated the transaction were Seth Grossman, Steve Edelstein, and Jackie Tran from Meridian Capital Group. The loan amount of $171,600,000 was secured for the multifamily property consisting of 285 units located at 640 South Curson Avenue in the Miracle Mile market.