JH Snyder Secures $117M Construction Financing For The Residences At Wilshire Curson

The Residences at Wilshire Curson, located at 640 South Curson Avenue in Miracle Mile, has been involved in a recent closed property transaction. The property is set to be a state-of-the-art, 20-story, 285-unit apartment building that will feature a range of amenities including a gym, conference area, rooftop pool, and clubhouse.

Summary of Transaction Details

• Property Type: Apartment Building
• Transaction Amount: $117M
• Financing Type: Construction Loan
• Lender: Capital Source
• Sponsor: JH Snyder
• Broker: Meridian Capital Group - Steve Edelstein & Seth Grossman

Capital Source provided a five-year non-recourse loan for the Residences at Wilshire Curson, with extension options and full-term interest-only payments. The financing was facilitated by Meridian Capital Group, with brokers Steve Edelstein and Seth Grossman representing the deal.