Continental Partners Provides $5.6M Construction Loan For North Hollywood Development Site | 11155 Huston Street | JM Grimaldi, Brian Asheghian | Development Site | Loan

Summary

Loan

CALIFORNIA

Development Site

247,400 sqft

A development site located at 11155 Huston St in North Hollywood has recently undergone a transaction. The property, represented by Brian Asheghian and JM Grimaldi from ContiPartners, was financed by Continental Partners.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $5,613,000
Loan Terms: Construction Financing at 70% Loan to Cost, Prime + 1.00%, 24 Month Term and No Prepay
Building Square Footage: 24,740

The key individuals involved in this deal include Brian Asheghian from ContiPartners and JM Grimaldi. These individuals played a crucial role in representing the buyer and coordinating the transaction. Their expertise and negotiating skills contributed to the successful financing of the development site.

Players

All
4

Agents
2
Agencies
2

JM Grimaldi

Executive Vice President

Details

Deal Summary

FINANCED

IMAGE: Brian Asheghian (@BAsheghian) & JM Grimaldi (@Watchtog) DATE: 09/16/2020 ADDRESS: 11155 Huston St MARKET: North Hollywood ASSET TYPE: Development Site BROKERS: Brian Asheghian, JM Grimaldi @ContiPartners LENDER: Continental Partners LOAN AMOUNT: $5,613,000 LOAN TERMS: Construction Financing at 70% Loan to Cost, Prime + 1.00%, 24 Month Term and No Prepay BSF: 24,740

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Address11155 Huston Street

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