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Bridge Investment Group & Rialto Capital Management Provides $34M Loan For Office Building In Venice Beach

606-654 Venice Boulevard
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This Office property located in CA received a loan of $34,000,000 almost 3 years ago. The brokers of the deal were Aaron Birnbaum, Seth Grossman, and Jackie Tran

The office property located at 606-654 Venice Boulevard in Venice Beach has been involved in a recent closed transaction. The property, with a total area of 63,958 square feet, was purchased by a buyer represented by Seth Grossman, Aaron Birnbaum, and Jackie Tran of Meridian Capital Group. The transaction was facilitated with a loan provided by Bridge Investment Group and Rialto Capital Management. The loan amount for this transaction was $34,000,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $34,000,000
  • Address: 606-654 Venice Boulevard
  • Market: Venice Beach

The landlord, REM Finance, was represented by Jim Cooper. He played a crucial role in the deal, ensuring a successful transaction for all parties involved.

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Deals
  • Location
    606-654 South Venice Boulevard, Venice, CA, USA606-654 South Venice Boulevard, Venice, CA, USA
  • Loan Value
    $34,000,000$34,000,000
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency, 2 Lenders3 Brokers, 1 Agency, 2 Lenders

Agents

Jackie Tran

Jackie Tran

Deals5
Financed$755.6M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Bridge Investment Group

Bridge Investment Group

Lender
Deals7
Volume$ 111.1B

Rialto Capital

Rialto Capital

Lender
Deals11
Volume$ 68.4B

Deal Summary

LOAN IMAGE: Seth Grossman, Robert Morse, Aaron Birnbaum, Jim Cooper & Jackie Tran DATE: 06/01/2021 ADDRESS: 606-654 Venice Boulevard MARKET: Venice Beach ASSET TYPE: Office LENDER: Bridge Investment Group & Rialto Capital Management LANDLORD: REM Finance - Jim Cooper BROKERS: Seth Grossman, Aaron Birnbaum & Jackie Tran - Meridian Capital Group LOAN AMOUNT: $34,000,000 SF: 63,958

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606-654 Venice Boulevard

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