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Children's Investment Fund Provides $355M Loan For Hotel At 1248 S. Figueroa St, Los Angeles

1248 South Figueroa Street
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This Hotel property located in CA received a loan of $355,000,000 almost 5 years ago. The brokers of the deal were Benjamin (Ben) Nevid and Drew Anderman

The hotel located at 1248 S. Figueroa St has been involved in a closed property transaction. The loan for this transaction was provided by Children's Investment Fund in the amount of $355 million. The property is owned by @LightstoneGroup and is classified as a hotel.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $355 million

Notable individuals involved in this deal include Ben Nevid, David Lichtenstein, Mitchell Hochberg, and Drew Anderman. The brokers who represented the transaction were Drew Anderman and Ben Nevid from Meridian Capital Group.

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Deals
  • Location
    1248 South Figueroa Street, Los Angeles, CA 90015, USA1248 South Figueroa Street, Los Angeles, CA 90015, USA
  • Loan Value
    $355,000,000$355,000,000
  • Asset Type
    HotelHotel
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Benjamin (Ben) Nevid

Benjamin (Ben) Nevid

Deals12
Financed$1.5B

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

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Deal Summary

LOAN IMAGE: Ben Nevid, David Lichtenstein, Mitchell Hochberg & Drew Anderman DATE: 04/29/2019 ADDRESS: 1248 S. Figueroa St ASSET TYPE: Hotel LENDER: Children's Investment Fund LANDLORD: @LightstoneGroup BROKERS: Drew Anderman & Ben Nevid @meridian.capital.group LOAN AMOUNT: $355M

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1248 South Figueroa Street

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