Bolour Associates Provides $20M Refinance Loan For Grubb Properties Retail Redevelopment

The properties involved in the transaction include a retail asset located at 1200 Vine Street in Los Angeles, a retail property at 700 Santa Monica Boulevard in Santa Monica, and a land asset at 5240 Lankershim Boulevard in North Hollywood. The total square footage of these assets is 68,400 square feet.

Summary of transaction details:

• Property Type: Retail & Land
• Transaction Amount: $20,000,000
• Asset Type: Retail & Land
• Market: Los Angeles, Santa Monica & North Hollywood
• Lender: Mark Bolour - Bolour Associates
• Landlord: Clay Grubb - Grubb Properties
• Loan Type: Refinance

Mark Bolour of Bolour Associates provided over $20 million in debt financing for the redevelopment of the three Southern California retail projects with Grubb Properties. The focus of the projects is the transformation of retail properties into apartment units, showcasing Bolour's dedication to supporting multifamily housing development in Los Angeles.