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Lightstone Capital Provides $49M Loan For Mixed-Use Properties In Santa Monica & Sawtelle

701 Colorado Avenue, 1421 & 1427 Barry Avenue
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This Mixed-use property located in CA received a loan of $49,000,000 almost 2 years ago. The brokers of the deal were Rahim Thobani and Richard Sutton

The recent closed transaction involved a mixed-use property located at 701 Colorado Avenue, as well as 1421 and 1427 Barry Ave in Santa Monica and Sawtelle market. The property is valued at $49,000,000.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $49,000,000
  • Loan: Lightstone Capital - Eugene Rozovsky
  • Landlord: WS Communities - Alexander Shekhter, Adam Shekhter, & Scott Walter; NMS Residential - Neil Shekhter
  • Brokers: Justin Piasecki & Richard Sutton - Lev; Rahim Thobani - RST Capital Partners

The deal was facilitated by Lightstone Capital, represented by Eugene Rozovsky as the lender. WS Communities, represented by Alexander Shekhter, Adam Shekhter, and Scott Walter, along with NMS Residential, represented by Neil Shekhter, acted as the landlords in the transaction. The brokers involved were Justin Piasecki and Richard Sutton from Lev, and Rahim Thobani from RST Capital Partners.

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Deals
  • Location
    701 Colorado Avenue, Santa Monica, California 90404, United States701 Colorado Avenue, Santa Monica, California 90404, United States
  • Loan Value
    $49,000,000$49,000,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Richard Sutton

Richard Sutton

Deals16
Financed$297.7M

Rahim Thobani

Rahim Thobani

Deals3
Financed$255M

Agency

Lev

Lev

Agency
Deals111
Volume$1.3B

Lightstone Capital

Lightstone Capital

Lender
Deals14
Volume$ 8.9B

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Deal Summary

LOAN IMAGE: Neil Shekhter, Scott Walter, Eugene Rozovsky, Alexander Shekhter, Justin Piasecki, Adam Shekhter & Richard Sutton DATE: 04/13/2022 ADDRESSES: 701 Colorado Avenue, 1421 and 1427 Barry Ave MARKET: Santa Monica & Sawtelle ASSET TYPE: Mixed-use LENDER: Lightstone Capital - Eugene Rozovsky LANDLORD: WS Communities - Alexander Shekhter, Adam Shekhter, & Scott Walter; NMS Residential - Neil Shekhter BROKERS: Justin Piasecki & Richard Sutton - Lev; Rahim Thobani - RST Capital Partners LOAN AMOUNT: $49,000,000

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701 Colorado Avenue, 1421 & 1427 Barry Avenue

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