Clay Goldthwait And Hiren Naik Of Bolour Associates Provide $6 Million Loan For Retail Renovation In Los Angeles

The property involved in the transaction is a retail asset located at 5901 Melrose Avenue in the Los Angeles market, with a total square footage of 8,255. A loan amount of $6,000,000 was secured for repositioning this retail space. The loan is structured with a term of 18 months.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,000,000
• Lender: Clay Goldthwait & Hiren Naik - Bolour Associates, Inc.
• Broker: David Sarnoff - PSRS
• Loan Type: Repositioning
• Loan Terms: 18 Months

Clay Goldthwait and Hiren Naik of Bolour Associates, Inc. facilitated the lending process, leveraging their development expertise to evaluate and fund the renovation project quickly. David Sarnoff acted as the broker for the transaction, ensuring the effective execution of the deal.