FundRebel Acquires Under-Construction Nine Hollywood Multifamily Project In Hollywood For $67M

FundRebel, a crowdfunding real estate start-up, is set to acquire the under-construction Nine Hollywood multifamily project in Hollywood. The purchase price for the property is $67 million and the transaction is being funded through a real estate investment trust fund. The development is expected to be completed later this year.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $67,000,000
• Units: 204
• Price per Unit: $328,431
• Address: 1809 Jackson Street
• Market: Hollywood

The buyer in this transaction is FundRebel, represented by Mark Drachman. The seller is Giuseppe Iadisernia.