The development site located at 316 Fifth Avenue in Koreatown has recently undergone a refinancing deal. The property, with a buildable square footage (BSF) of 49,380, serves as a promising investment opportunity. The loan, initiated on March 31, 2022, involved a loan amount of $28,000,000 and was granted by Walnut Hill Capital. Cottonwood Group, the landlord, facilitated the transaction.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $28,000,000
• Address: 316 Fifth Avenue, Koreatown
• Market: Koreatown
• BSF: 49,380
• Lender: Walnut Hill Capital
• Landlord: Cottonwood Group

During the refinancing process, the key individuals and companies involved were Walnut Hill Capital as the lender and Cottonwood Group as the landlord. Their collaboration ensured a successful refinancing transaction for the development site at 316 Fifth Avenue in Koreatown.