Hollywood Retail Development
$3,042,000 Retail Loan from Private Equity
David Sarnoff of PSRS arranged the $3,042,000 acquisition financing of a vacant retail property in Hollywood, CA. The subject property is a 9,000 SF former pawn shop that will be fully renovated and transformed to launch the latest restaurant concept from Ventana Ventures and CURATO Design Build. PSRS secured an 18-month non-recourse interest-only acquisition loan via a private money lending source to carry the project through its first phase of development.