The Calta Group Secures $53.69M Construction Loan For Multifamily Development In Hollywood

The property asset involved in this transaction is a multifamily development located at 2750 Van Buren Street and 2217-2239 Jackson Street in the Hollywood market, comprising 251 units with a total square footage of 239,215. The loan amount secured for this project is $53,693,000, classified as a construction loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $53,693,000
• Address: 2750 Van Buren Street & 2217-2239 Jackson Street
• Market: Hollywood
• Units: 251
• Square Footage: 239,215
• Lender: Scott Mehlman - Forman Capital
• Developers: Ignazio Caltagirone, Gaetano Caltagirone & Igor Blatnik - The Calta Group
• Broking Representatives: George Gnad, Mathew Gnad & Helmut Fischer - Lenders Capital Realty Services

The key individuals behind this deal include Scott Mehlman, representing Forman Capital as the lender, and the development team comprising Ignazio Caltagirone, Gaetano Caltagirone, and Igor Blatnik from The Calta Group. The transaction also involved George Gnad, Mathew Gnad, and Helmut Fischer from Lenders Capital Realty Services, acting as brokers in the deal.