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J.H. Snyder Company Secures $171.6M Loan For Miracle Mile Multifamily With KKR

640 South Curson Avenue
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This MultiFamily property located in CA received a loan of $171,600,000 almost 3 years ago. The brokers of the deal were Steven Edelstein, Seth Grossman, and Jackie Tran

The property involved in this transaction is a multifamily asset located at 640 South Curson Avenue in the Miracle Mile market. The loan for this property was provided by KKR, with Henry R. Kravis and George R. Roberts as the lenders. The landlord of the property is J.H. Snyder Company, represented by Lon Snyder. The brokers involved in the deal were Seth Grossman, Steve Edelstein, and Jackie Tran from Meridian Capital Group. The loan amount for this transaction was $171,600,000, and the property consists of 285 units. The loan term is 10 years, fixed-rate.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $171,600,000
  • Address: 640 South Curson Avenue
  • Market: Miracle Mile
  • Lender: KKR - Henry R. Kravis & George R. Roberts
  • Landlord: J.H. Snyder Company - Lon Snyder
  • Brokers: Seth Grossman, Steve Edelstein & Jackie Tran - Meridian Capital Group
  • Units: 285
  • Term: 10-year, fixed-rate

The individuals and companies involved in this deal include KKR, represented by Henry R. Kravis and George R. Roberts as lenders, and J.H. Snyder Company, represented by Lon Snyder as the landlord. The brokers who facilitated the transaction were Seth Grossman, Steve Edelstein, and Jackie Tran from Meridian Capital Group. The loan amount of $171,600,000 was secured for the multifamily property consisting of 285 units located at 640 South Curson Avenue in the Miracle Mile market.

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Deals
  • Location
    640 South Curson Avenue, Central LA, Los Angeles, CA, USA640 South Curson Avenue, Central LA, Los Angeles, CA, USA
  • Loan Value
    $171,600,000$171,600,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Jackie Tran

Jackie Tran

Deals5
Financed$755.6M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

KKR

KKR

Lender
Deals8
Volume$ 117B

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Deal Summary

LOAN IMAGE: Seth Grossman, Steve Edelstein, Jackie Tran, Lon Snyder, Henry R. Kravis & George R. Roberts DATE: 05/17/2021 ADDRESS: 640 South Curson Avenue MARKET: Miracle Mile ASSET TYPE: Multifamily LENDER: KKR - Henry R. Kravis & George R. Roberts LANDLORD: J.H. Snyder Company - Lon Snyder BROKERS: Seth Grossman, Steve Edelstein & Jackie Tran - Meridian Capital Group LOAN AMOUNT: $171,600,000 UNITS: 285 TERM: 10-year, fixed-rate

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640 South Curson Avenue

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