Meridian Capital Group Negotiates Favorable Terms For Acquisition Of Trophy Property In Beverly Hills

The two-story, 7,200 square foot property located at 362 North Camden Drive in Beverly Hills, CA has been sold for $7.75 million. The transaction took place in April 2018. The property is owned by LA Based Landlord - 362 Camden Fee LLC and the lender for the transaction was W Financial Fund. The mortgage broker involved in the deal was David Oheb from Meridian Capital Group.

Summary of transaction details

• Property Type: N/A
• Transaction Amount: $7.75 Million
• Square Footage: 7,200 sf
• Address: 362 North Camden Drive, Beverly Hills, CA
• Owner: LA Based Landlord - 362 Camden Fee LLC
• Lender: W Financial Fund
• Mortgage Broker: David Oheb from Meridian Capital Group

The property is located in the coveted Platinum Triangle area. In addition to the sale, the property is set to temporarily house the famous Los Angeles hotspot, Madeo Ristorante, while its current location on Beverly Boulevard is being redeveloped into a luxury condominium building by Townscape Partners and Angelo, Gordon & Co. David Oheb from Meridian Capital Group mentioned that the favorable terms, including an 85% loan-to-cost ratio, were negotiated for the acquisition of the property.