Dealmaker: Bellwether Enterprise Closes $108M in California
By Michael Tuckerfirstname.lastname@example.org
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed a $108 million refinancing of nine Class A multifamily buildings totaling 400 units in Los Angeles.
The Fannie Mae Credit Facility included full-term interest-only financing.
Jason Krupoff, Senior Vice President in BWE’s Irvine, Calif. office, originated the loan for borrower Redwood Urban, Los Angeles.
The properties in Hollywood, located at 1820 Whitley Avenue, 1837 Whitley Avenue, 1912 Whitley Avenue, 1823 Grace Avenue, 6600 Yucca Street and 6651 Franklin Ave, total 267 units. All six properties lie within walking distance to Hollywood’s booming media content-creation employment center.
The Beverly Hills-area properties at 9152 Alden Way and 8600 Burton Way comprise 29 units.
In Long Beach, 210 Third Lofts at 210 Third Avenue and 225 Long Beach Boulevard house 104 units. 210 Third Lofts includes a rooftop pool and spa, business center, gym and 15,000 square feet of ground-floor retail space along the pedestrian-only promenade.
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