Madison Realty Capital Provides $157M Loan For Santa Monica Properties

Madison Realty Capital has provided a loan of $157 million for the property located at 501 Broadway, 601 Colorado Avenue, 1415 5th St, 1338 5th St., and 1318 Lincoln Boulevard in Santa Monica. The loan was secured by WS Communities, represented by Scott Walter, Adam, Alan, and Alex Shekhter. The property encompasses 35,000 square feet and consists of 849 units.

Summary of transaction details

• Property Type: NA
• Transaction Amount: $157,000,000
• Address: 501 Broadway, 601 Colorado Avenue, 1415 5th St, 1338 5th St., 1318 Lincoln Boulevard
• Market: Santa Monica
• Lender: Madison Realty Capital - Josh Zegen
• Landlord: WS Communities - Scott Walter, Adam, Alan & Alex Shekhter
• Brokers: Justin Piasecki, Jay Maddox & Ethan Blum - Avison Young, Rahim Thobani - RST Capital Partners
• SF: 35,000
• Units: 849

The loan was provided by Madison Realty Capital, with Josh Zegen leading the transaction. The landlord, WS Communities, was represented by Scott Walter, Adam, Alan, and Alex Shekhter. Avison Young, through brokers Justin Piasecki, Jay Maddox, and Ethan Blum, and RST Capital Partners, through Rahim Thobani, assisted in the deal.