Culver City Mixed-Use Secures $133M Bank OZK Loan

Lincoln Property Company and McCourt Partners have secured $132.7 million in construction financing from Bank OZK for ElevenOneEleven, a new mixed-use development in Culver City. Senior managing director Lou Friedel and managing director Keith Rosso of Berkadia Los Angeles arranged the financing on behalf of Lincoln and McCourt.

Located at 11111 Jefferson Blvd., ElevenOneEleven will tnclude 344 residences, including 52 affordable units, along with 2,000 square feet of retail and 17,520 square feet of publicly accessible outdoor space.

“This financing marks a critical milestone for ElevenOneEleven, providing the capital needed to move into the next phase of bringing our vision for this project to life,” said Stephen Lindgren, SVP and Los Angeles market lead at Lincoln. “McCourt has been an exceptional development partner throughout the process, and our collaboration reflects a shared conviction in the project and what it will bring to the Culver City community.”

Read More News Stories About: Lincoln Property Company

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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1598 W 36th
Los Angeles, CACalifornia & West + Apartment Buildings
Listing Status: Available
Listing Type: Call for offers
Price: $6,500,000
No. of Units: 45
Year Built: 2025
Opportunity Zone: No
Price per unit: $144,444
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235 Valencia Street

San Francisco, CACalifornia & West + Apartment Buildings

Listing Status:	Available
Listing Type:	Highest & best offer
Price:	$20,000,000
No. of Units:	42
Year Built:	2019
Building Size:	25917 Sq ft
Lot Size:	9148 Acres
APN:	3532-019B
Opportunity Zone:	No
Price per unit:	$476,190