Eric Abergel Of Convoy Capital Provides $17.3M Acquisition Loan For Venice Retail

The property located at 1327 & 1337 Abbot Kinney Boulevard in Venice, CA, is a retail asset spanning 10,828 square feet. The loan for this acquisition was facilitated by Eric Abergel of Convoy Capital, amounting to $17,300,000. The loan terms include a 3-year fixed period, followed by a 1-year interest-only period, with a 6.06% interest rate and a 59% loan-to-value ratio.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,300,000
• Address: 1327 & 1337 Abbot Kinney Boulevard, Venice, CA
• Market: Venice, CA
• Lender: Eric Abergel - Convoy Capital
• Loan Type: Acquisition Loan
• Loan Terms: 3-Yr. Fixed | 1-Yr I.O. | 6.06% Interest Rate | 59% LTV

For further information regarding this loan transaction, individuals are encouraged to reach out to Eric Abergel at [email protected]. Eric Abergel played a pivotal role as the lender in this acquisition loan deal, assisting in the successful completion of the transaction.