Nationwide Provides $70.8M Construction Loan For Multifamily Development In Hollywood

The property involved in this transaction is located at 2001 Van Buren Street in Hollywood. This property is part of the SOLESTE HOLLYWOOD VILLAGE - PHASE I development and is classified as a multifamily asset. It comprises a total of 300 units and spans a total area of 178,386 square feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $70,766,000
• Address: 2001 Van Buren Street, Hollywood
• Market: Hollywood
• Units: 300
• Square Footage: 178,386

Nationwide provided a construction loan for this property in the amount of $70,766,000. The lenders involved in this transaction were Robert Suris and Jeff Ardizon from The Estate Companies. JLL's Brian Gaswirth and Mateo Bolivar acted as the brokers representing the parties in this deal.