David Elgart Of Benefit Street Partners Provides $41M Acquisition Loan For Hollywood Multifamily

The multifamily property located at 320 Federal Highway in Hollywood spans 248,000 square feet and comprises 204 units. The property was part of an acquisition deal with a loan amount of $41,000,000. David Elgart of Benefit Street Partners served as the lender, while Benjamin Nevid from Meridian Capital Group represented the transaction as the broker.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,000,000
• Address: 320 Federal Highway
• Market: Hollywood
• Loan Type: Acquisition Loan
• Loan Terms: 2-year loan
• Lender: David Elgart - Benefit Street Partners
• Broker: Benjamin Nevid - Meridian Capital Group

Benjamin Nevid from Meridian Capital Group and David Elgart from Benefit Street Partners played crucial roles in the acquisition loan deal. Nevid acted as the broker, facilitating the transaction, while Elgart served as the lender, providing the funds for the acquisition loan.