$21.5M Retail Acquisition Bridge Loan;
Property:
7-acre parcel with unobstructed, panoramic views of Los Angeles from Downtown to the Westside. The property contains 48 multifamily units and a historic 20,000 sf restaurant.
Location:
1999 N. Sycamore Ave, Hollywood, CA 90068
The property is directly behind (up the hill from) the Magic Castle in Hollywood.
Financing:
HRC arranged a $21.5M non-recourse bridge loan for the acquisition of the iconic Yamashiro restaurant and Hollywood Hill Hotel in Hollywood, CA.