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NBP Capital Secures $130M Construction Loan For Downtown LA Multifamily

200 Mesnager Street
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This MultiFamily property located in CA received a loan of $130,000,000 over 2 years ago. The broker of the deal was Malcolm Davies

Located in Downtown Los Angeles, the multifamily property at 200 Mesnager St. recently underwent a closed transaction. With a total square footage of 376,920, the property consists of 280 units, making it a significant asset in the area's real estate market.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $130,000,000
  • Address: 200 Mesnager St.
  • Market: Downtown Los Angeles
  • Square Footage: 376,920
  • Units: 280

The transaction was facilitated by NBP Capital, who acted as the landlord in the deal. Serving as the broker for the transaction was Malcolm Davies of George Smith Partners, representing the buyer.

The financing for this transaction was obtained through a construction loan amounting to $130,000,000. This significant loan will support the development and construction of the multifamily property at 200 Mesnager St., further enhancing the real estate landscape in Downtown Los Angeles.

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Deals
  • Location
    200 Mesnager Street, Los Angeles, CA 90012200 Mesnager Street, Los Angeles, CA 90012
  • Loan Value
    $130,000,000$130,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Malcolm Davies

Malcolm Davies

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Financed$749.8M

Agency

WAY Capital

WAY Capital

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Volume$1.2B

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Deal Summary

LOAN IMAGE: Malcolm Davies, Alex Rossinsky, Lauren Noecker, Ryan Feigelson & Simon Muir DATE: 12/10/2021 ADDRESS: 200 Mesnager St. MARKET: Downtown Los Angeles ASSET TYPE: Multifamily ~ SF: 376,920 ~ UNITS: 280 LANDLORD: NBP Capital BROKER: Malcolm Davies - George Smith Partners LOAN AMOUNT: $130,000,000 LOAN TYPE: Construction

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200 Mesnager Street

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