CGI Strategies Secures $24M Land Loan For Development Site On S. La Brea Ave
639 South La Brea Avenue
Development Site
201,000 SF
201,000 SF
Financed 1 year ago
+ 2
Summary
Located at 639 S. La Brea Avenue in Los Angeles, this development site has recently undergone a closed property transaction. The asset type is a development site, spanning a total of 201,000 square feet. The deal was facilitated by brokers Jonathan More, Jordan Ray, Steven Buchwald, and Lexington Henn.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $24,000,000
- Date: 06/18/2021
- Market: Los Angeles
- Landlord: Zion Perets, Gidi Cohen - CGI Strategies
- Loan Terms: 12 Months
- Loan Amount: $24,000,000
- Note from Broker: Mid-single digit rate land loan, two weeks term sheet signing to close, non-recourse 💪
The landlords involved in this transaction are Zion Perets and Gidi Cohen, representing CGI Strategies. They successfully secured a loan amount of $24,000,000 for the development site. The loan has a term of 12 months and is non-recourse. The brokers, Jonathan More, Jordan Ray, Steven Buchwald, and Lexington Henn, played a crucial role in facilitating this deal.
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639 South La Brea Avenue
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