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CGI Strategies Secures $24M Land Loan For Development Site On S. La Brea Ave

639 South La Brea Avenue
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This Development Site property located in CA received a loan of $24,000,000 almost 4 years ago. The brokers of the deal were Jordan Ray, Jonathan More, Lexington Henn, and Steven Buchwald

Located at 639 S. La Brea Avenue in Los Angeles, this development site has recently undergone a closed property transaction. The asset type is a development site, spanning a total of 201,000 square feet. The deal was facilitated by brokers Jonathan More, Jordan Ray, Steven Buchwald, and Lexington Henn.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $24,000,000
  • Date: 06/18/2021
  • Market: Los Angeles
  • Landlord: Zion Perets, Gidi Cohen - CGI Strategies
  • Loan Terms: 12 Months
  • Loan Amount: $24,000,000
  • Note from Broker: Mid-single digit rate land loan, two weeks term sheet signing to close, non-recourse 💪

The landlords involved in this transaction are Zion Perets and Gidi Cohen, representing CGI Strategies. They successfully secured a loan amount of $24,000,000 for the development site. The loan has a term of 12 months and is non-recourse. The brokers, Jonathan More, Jordan Ray, Steven Buchwald, and Lexington Henn, played a crucial role in facilitating this deal.

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Deals
  • Location
    639 South La Brea Avenue, Los Angeles, CA 90036639 South La Brea Avenue, Los Angeles, CA 90036
  • Loan Value
    $24,000,000$24,000,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

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Steven Buchwald

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Jonathan More

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Mission Capital

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Deal Summary

LOAN IMAGE: Jonathan More, Jordan Ray, Gidi Cohen, Zion Perets & Andre Soroudi DATE: 06/18/2021 ADDRESS: 639 S. La Brea Avenue MARKET: Los Angeles ASSET TYPE: Development Site LANDLORD: Zion Perets, Gidi Cohen - CGI Strategies BROKERS: Jonathan More (@Jonny_More), Jordan Ray (@Mission.Capital), Steven Buchwald & Lexington Henn LOAN AMOUNT: $24,000,000 BSF: 201,000 LOAN TERMS: 12 Months NOTE FROM BROKER: Mid-single digit rate land loan, two weeks term sheet signing to close, non-recourse 💪

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639 South La Brea Avenue

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