Hollywood Retail Development

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$3,042,000 Retail Loan from Private Equity

City: Hollywood, CA
Loan amount: $3,042,000
Lender type: Private Equity
Property type: Retail
Size: 9,000 SF

Transaction description

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.

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