LaTerra Development Secures $198.5M Construction Loan For Multifamily Property At 777 N. Front St. In Burbank | 777 North Front Street | Citizens | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

508,000 sqft

LaTerra Development has secured a construction loan for a multifamily property located at 777 N. Front Street in Burbank. The loan, provided by BMO Harris & citizens''>Citizens, totals $198,500,000. The property spans approximately 508,000 square feet and consists of 573 units. The transaction was facilitated by Eastdil.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $198,500,000
Address: 777 N. Front Street
Market: Burbank

Chris Tourtellotte, representing LaTerra Development, played a key role in securing the loan for the property. The lender, BMO Harris & Citizens, provided the necessary financing for the construction project. The involvement of Eastdil as a broker further facilitated the transaction.

Players

All
1

Lenders
1

Citizens

Details

Deal Summary

FINANCED

IMAGE: Chris Tourtellotte DATE: 11/10/2021 ADDRESS: 777 N. Front Street MARKET: Burbank ASSET TYPE: Multifamily ~ SF: 508,000 LENDER: BMO Harris & Citizens LANDLORD: LaTerra Development - Chris Tourtellotte (@ChrisTourtellotte) BROKER: Eastdil LOAN AMOUNT: $198,500,000 UNITS: 573 LOAN TYPE: Construction

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Address777 North Front Street

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