Calta Group Secures $60M Construction Loan For Multifamily Development At 2215 Hollywood Boulevard

The property asset involved in the transaction is a multifamily building located at 2215 Hollywood Boulevard in the Hollywood market. The transaction includes a construction loan amounting to $60,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $60,000,000
• Lender: Jon Gitman & Alex Horn - BridgeInvest
• Landlord: Calta Group
• Brokers: Keegan Burger & David Larson - Concord Summit Capital
• Loan Type: Construction

The deal features key players such as Jon Gitman and Alex Horn serving as the lender through BridgeInvest. The involvement of Calta Group as the landlord highlights the commitment to developing multifamily housing in the area. Brokers Keegan Burger and David Larson from Concord Summit Capital facilitated the transaction, ensuring a smooth process for all parties involved.