Gaetano Caltagirone And Ignazio Caltagirone Of Calta Group Secure $53.69 Million Construction Loan

The property consists of development sites located at 2217-2239 Jackson Street and 2718-2750 Van Buren Street in Hollywood, encompassing an area of 3.24 acres with a building square footage of 239,215. The transaction involves a loan amount of $53,693,724 designated for construction purposes.

Summary of transation details:

• Property Type: Development Sites
• Transaction Amount: $53,693,724
• Market: Hollywood
• Acres: 3.24
• Building Square Footage: 239,215
• Lender: Brett Forman, Ben Jacobson, Scott Mehlman, and Ty Regnier - Forman Capital
• Borrower: Gaetano Caltagirone and Ignazio Caltagirone - Calta Group
• Brokers: George Gnad and Mathew Gnad - Lenders Capital Realty Services

The deal was facilitated by key individuals, including lenders Brett Forman, Ben Jacobson, Scott Mehlman, and Ty Regnier from Forman Capital, while the borrowers, Gaetano Caltagirone and Ignazio Caltagirone, represent Calta Group in this transaction. Brokers George Gnad and Mathew Gnad from Lenders Capital Realty Services played a vital role in connecting the involved parties.