Bridge Investment Group & Rialto Capital Management Provides $34M Loan For Office Building In Venice Beach

The office property located at 606-654 Venice Boulevard in Venice Beach has been involved in a recent closed transaction. The property, with a total area of 63,958 square feet, was purchased by a buyer represented by Seth Grossman, Aaron Birnbaum, and Jackie Tran of Meridian Capital Group. The transaction was facilitated with a loan provided by Bridge Investment Group and Rialto Capital Management. The loan amount for this transaction was $34,000,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $34,000,000
• Address: 606-654 Venice Boulevard
• Market: Venice Beach

The landlord, REM Finance, was represented by Jim Cooper. He played a crucial role in the deal, ensuring a successful transaction for all parties involved.