Starlife Group Secures $35 Million Construction Loan From Peachtree Group For 21 Hollywood Project

The property asset involved is a development site located at 2100 North Federal Highway in Hollywood, covering an area of 1.48 acres. The transaction includes a loan amount of $35,000,000 designated for construction purposes, supporting the development of a 200-unit project known as 21 Hollywood. The 13-story building is designed by Kobi Karp Architecture and is estimated for completion in February 2027.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $35,000,000
• Lender: Jared Schlosser - Peachtree Group
• Landlord: Gevorg Shahbazyan & Arman Shahbazyan - Starlife Group
• Broker: Matt Shane - SF Capital Group

The transaction involves key individuals such as Jared Schlosser, representing Peachtree Group as the lender, and Gevorg Shahbazyan and Arman Shahbazyan, who represent Starlife Group as landlords. Matt Shane acts as the broker for this financial agreement, facilitating the loan secured for the construction project in the Hollywood market.