O.Z. Navigator Acquires Multifamily Property In Downtown Los Angeles For $29.1M

Located at 1317 South Grand Avenue in Downtown Los Angeles, this multifamily property spans over 67,456 square feet. The transaction took place on April 7, 2022, and the property was acquired under the ownership of O.Z. Navigator represented by Peter Nitze. The property comprises 147 units, making it an attractive investment opportunity in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $29,100,000
• Lender: Trez Capital
• Landlord: O.Z. Navigator - Peter Nitze
• Loan Type: Construction
• Units: 147

Trez Capital provided a construction loan amounting to $29,100,000 for the acquisition of this multifamily property on South Grand Avenue. The loan will facilitate the development and improvement of the property to further enhance its appeal and value in the market. With O.Z. Navigator, represented by Peter Nitze, as the landlord, the transaction showcases their commitment to expanding and enhancing their real estate portfolio in Downtown Los Angeles.