CBRE Provides $41.5M Loan For Multifamily Property At 225 West Third Street In Long Beach

A multifamily property located at 225 West Third Street in Long Beach has recently been involved in a closed transaction. The property, owned by Gelt Inc., was the subject of a loan provided by CBRE. The loan amount for this transaction was $41,500,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $41,500,000
• Address: 225 West Third Street
• Market: Long Beach
• Lender: CBRE
• Landlord: Gelt Inc.
• Brokers: Brandon Smith, Annie Rice & David Pelaia - JLL Capital Markets

The loan transaction was facilitated by CBRE, serving as the lender for the transaction. Gelt Inc., the owner of the property, worked with Brandon Smith, Annie Rice, and David Pelaia of JLL Capital Markets as their brokers in this deal.