Benny Boy Brewery

$2,650,000 Retail Loan from Life Insurance Company

City: Los Angeles, CA
Loan amount: $2,650,000
Lender type: Life Insurance Company
Property type: Retail
Size: 7,671 SF

Transaction description

David Sarnoff of PSRS arranged the $2.65 million refinance of the highly acclaimed Benny Boy Brewing in the Lincoln Heights neighborhood of Los Angeles, California. This new loan replaces the development loan that Sarnoff placed for the owner and developer, Ventana Ventures, who worked with CURATO Design Build to bring the project to life. The 7,671-square-foot site now houses the brewery, a cider house, a beer garden, and plenty of outdoor space. Financed with one of our correspondent life insurance companies, PSRS provided a permanent loan that retires their bridge debt and provides cash out to the investors.




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