Transaction Overview
Jonathan Lee arranged the ground-up construction financing for a 5 unit multi-family rental building in Hollywood, California. The project will feature attached two-car garages, city views from 3rd story roof-top decks and unit mixes that range from 1,174 to 1,385 square feet. Positioned to draw renters that desire walkable neighborhoods, the subject offers convenient access the cluster of entertainment industry employers nearby. Sized to 75% of cost and floating at Prime + 0.75% w/a 5.0% floor, the 18 month construction term carries a six-month option for an additional fee.
