Relevant Group Obtains $28.4M Non-Recourse Land Predevelopment Loan For West Pico Boulevard Development Site | West Pico Boulevard | Nina Russo | Development Site | Loan

Summary

Loan

CALIFORNIA

Development Site

600,000 sqft

The development site located at West Pico Boulevard in Los Angeles has undergone a recent loan transaction. The property is owned by Relevant Group and was represented by broker Nina Russo from Meridian Capital Group. The loan amount for this transaction was $28,430,000.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $28,430,000
Image: Nina Russo
Date: 11/30/2021
Address: West Pico Boulevard
Market: Los Angeles
Asset Type: Development Site
Building Square Footage (BSF): 600,000

The loan transaction was a recapitalization, and the loan type was a non-recourse land predevelopment loan.

Players

All
2

Agents
1
Agencies
1

Nina Russo

Associate

Details

Deal Summary

FINANCED

IMAGE: Nina Russo DATE: 11/30/2021 ADDRESS: West Pico Boulevard MARKET: Los Angeles ASSET TYPE: Development Site ~ BSF: 600,000 LANDLORD: Relevant Group BROKER: Nina Russo (@NinaRosaRusso) - Meridian Capital Group LOAN AMOUNT: $28,430,000 LOAN TYPE: Recapitilization LOAN TERMS: Non-Recourse Land Predevelopment Loan

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AddressWest Pico Boulevard

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