Calmwater & West Hive Capital Close $12.25M Acquisition Loan In Rancho Palos Verdes

The retail property located at 29227 South Western Avenue in Rancho Palos Verdes spans 28,204 square feet. The acquisition loan for this property amounted to $12,250,000 with loan terms set at 75% LTC. The lenders for this transaction were Larry Grantham and Zach Novatt from Calmwater Capital. The landlords involved in the deal were Brandon Lehman and Kyle Gorman from West Hive Capital. The broker representing the transaction was Michael Guterman from Bellwether Enterprise.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,250,000
• Asset Type: Retail
• Market: Rancho Palos Verdes
• Lender: Larry Grantham & Zach Novatt - Calmwater Capital
• Landlord: Brandon Lehman & Kyle Gorman - West Hive Capital
• Broker: Michael Guterman - Bellwether Enterprise

The deal was orchestrated with Larry Grantham and Zach Novatt as the lenders, providing an acquisition loan with favorable terms. The landlords who executed the transaction were Brandon Lehman and Kyle Gorman, collaborating with the lending parties to ensure a successful property acquisition. Michael Guterman played a pivotal role as the broker in facilitating the deal, bringing together the various key individuals and companies involved in the negotiation process.