Rescore Property Corp. Acquires Development Site In Hollywood For $138M Loan

Located in Hollywood, this development site is a sought-after property in the market. The transaction, which took place on February 18, 2021, involved a loan amounting to $138,000,000 with a term of four years. This asset encompasses 369 units, making it a significant investment opportunity in the area.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $138,000,000
• Market: Hollywood
• Units: 369

Rescore Property Corp., represented by Arthur Falcone and Tony Avila, acted as the landlord in this deal. The lender, Square Mile Capital Management, played a crucial role in providing the necessary funds. Furthermore, Eric McGlynn from Walker & Dunlop served as the broker for this transaction, assisting in facilitating the deal.