FINANCED
Bolour Associates Provides $11.5M Loan For Downtown Los Angeles Development Site
1200 South Olive Street
Development Site
30,476 SF
30,476 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Development Site
30,476 sqft
A prime downtown Los Angeles land site has been purchased with the help of an $11.5 million land loan provided by Bolour Associates. The property, located at 1200 S. Olive St., is a development site spanning 30,476 square feet with plans for a 16-story, 356-unit modular multifamily development. Bolour Associates specializes in urban infill primary and secondary markets and offers financing options ranging from $1 million to $30 million with interest rates starting at 7.5%.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,500,000
- Address: 1200 S. Olive St.
- Market: Downtown Los Angeles
- Size: 30,476 square feet
- Units: 356
The Bolour Associates team, consisting of Seven Simantob and Mark Bolour, facilitated the loan transaction. For more information on Bolour's lending services, you can contact Steven Simantob at ☎️ 323-677-0550 ext.133 or via email at [email protected]. Further details can also be found on their website at bolourassociates.com/lending/.
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2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Jeff Sause, Seven Simantob & Mark Bolour
DATE: 02/28/2022
ADDRESS: 1200 S. Olive St.
MARKET: Downtown Los Angeles
ASSET TYPE: Development Site ~ SF: 30,476 ~ UNITS: 356
LENDER: Bolour Associates - Seven Simantob (@StevenSimantob) & Mark Bolour (@Bolour_CRE)
BROKER: Jeff Sause - JLL
LOAN AMOUNT: $11,500,000
LOAN TYPE: Acquisition Loan
NOTE FROM @Bolour_CRE: BOLOUR was pleased to provide this $11.5M.5 land loan, allowing our client to purchase a prime downtown Los Angeles land site & proceed with entitlement for a 16-story, 356-unit modular multifamily development. Contact Steven Simantob at ☎️ 323-677-0550 ext.133, 📧 [email protected], or visit bolourassociates.com/lending/ for more on how Bolour can fulfill your lending needs.
BOLOUR is an asset-based bridge lender specializing in urban infill primary & secondary markets. BOLOUR draws from our experience in investment & development to tackle complicated deals, including unentitled land plays. We can finance up to 75% LTV, loan term up to 2 years, loan amount from $1 million to $30 million, & interest rates starting at 7.5%.View on map
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Address1200 South Olive Street
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