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Castellan Capital Provides $12M Loan For Mixed-Use Property On Long Beach Blvd

1570-1598 Long Beach Boulevard
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This Mixed-use property located in CA received a loan of $12,000,000 almost 5 years ago. The broker of the deal was Matthew "Matt" Bucaro

The mixed-use property located at 1570-1598 Long Beach Blvd in Long Beach has recently undergone a cash-out construction refinancing transaction. The loan, provided by Castellan Capital, amounted to $12,000,000. The property spans across 53,200 square feet and includes 36 residential units and 5 commercial spaces. The loan was closed in less than 30 days, showcasing the efficiency of the process.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $12,000,000
  • Address: 1570-1598 Long Beach Blvd, Long Beach
  • Market: Long Beach
  • Square Footage: 53,200
  • Units: 36 residential, 5 commercial

Matthew Bucaro of Tauro Capital Advisors represented the buyer in this transaction, while Daniella Marca of Castellan Capital facilitated the deal as the lender's representative. The landlord for this property is Los Angeles City Plaza. The deal highlights the successful collaboration between different parties involved in the real estate transaction.

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Deals
  • Location
    1570 Long Beach Boulevard, Long Beach, CA, USA1570 Long Beach Boulevard, Long Beach, CA, USA
  • Loan Value
    $12,000,000$12,000,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Matthew "Matt" Bucaro

Matthew "Matt" Bucaro

Deals8
Financed$261.8M

Agency

Tauro Capital Advisors

Tauro Capital Advisors

Agency
Deals20
Volume$964.5M

Castellan Capital

Castellan Capital

Lender
Deals15
Volume$ 6.9B

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Deal Summary

LOAN IMAGE: Matthew Bucaro & Daniella Marca @castellancapital DATE: 05/15/2019 ADDRESS: 1570-1598 Long Beach Blvd. MARKET: Long Beach ASSET TYPE: Mixed-Use LENDER: Castellan Capital LANDLORD: Los Angeles City Plaza BROKERS: Matthew Bucaro - Tauro Capital Advisors LOAN AMOUNT: $12,000,000 SF: 53,200 UNITS: 36 residential, 5 commercial NOTES: Cash out Construction Refinance closed in less than 30 days.

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1570-1598 Long Beach Boulevard

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