Bridge Investment Group And BTI Partners Secure $83M Construction Loan For Hollywood Development Site

The development site located at 1727-1745 Van Buren St., 1700-1716 Harrison St., and 1740-1760 S. Young Circle in Hollywood has recently been involved in a loan transaction.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $83,000,000
• Market: Hollywood
• Image: David Coelho
• Date: 08/23/2022
• Lender: Canadian Imperial Bank of Commerce
• Landlord: Bridge Investment Group - David Coelho & BTI Partners - Noah Breakstone
• Lender's Rep: Steve Kohn, Chris Lentz & Chris Moyer - Cushman & Wakefield Equity, Debt & Structured Finance
• Landlord's Rep: Luis Flores, Michael Denberg & Sophia Rub - Saul Ewing Arnstein & Lehr
• Loan Type: Construction Loan

The Canadian Imperial Bank of Commerce provided a construction loan of $83,000,000 for the development site. The landlord representatives involved in the deal are Luis Flores, Michael Denberg, and Sophia Rub from Saul Ewing Arnstein & Lehr, while the lender's representatives are Steve Kohn, Chris Lentz, and Chris Moyer from Cushman & Wakefield Equity, Debt & Structured Finance.