Development Site In DTLA Secures $23M Loan From Bank Hapoalim International | 1600 South Figueroa | Development Site | Loan

Summary

Loan

CALIFORNIA

Development Site

11,750 sqft

A development site located at 1600 S. Figueroa in Downtown Los Angeles has been involved in a recent transaction. The deal, which took place on January 22, 2019, resulted in a loan of $23 million. The loan has a term of 5 years, with 18 months of interest-only payments. The lender, Gabriel Hamani from Bank Hapoalim International, provided the funds for this transaction.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $23 million
Address: 1600 S. Figueroa, Downtown Los Angeles
Market: DTLA

Adam Rubin from L&R Group and Wally Park from Joe's Auto Parks are the landlords involved in this deal. It is important to note that no additional information has been provided regarding the property or the transaction.

Details

Deal Summary

FINANCED

IMAGE: Gabriel Hamani & Adam Rubin DATE: 1/22/2019 ADDRESS: 1600 S. Figueroa MARKET: DTLA ASSET TYPE: Development Site LOAN AMOUNT: $23M TERM: 5 years, 18 months i/o LENDER: Gabriel Hamani - Bank Hapoalim International LANDLORD: Adam Rubin - L&R Group & Wally Park - Joe's Auto Parks

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Address1600 South Figueroa

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