High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Los Angeles  + Apartments  | 

3650 REIT Originates $36M Loan for Hollywood MF Redevelopment

Miami-based 3650 REIT originated a roughly $36-million bridge loan for the acquisition and redevelopment of Hollywood Backlot Homes in North Hollywood. The 10-acre site is planned for a nearly 190-lot manufactured home community aimed at meeting demand for attainable housing in SoCal.

The loan carries a term of 30 months and is provided to sponsor Multi Opp, LLC, a JV between real estate development firms Dugally Oberfeld Capital Partners, LLC and Fabulous Five, LLC.

3650 REIT’s Jonathan Roth says “The sponsors’ vision for the Hollywood Backlot Homes aligns extremely well with the age of social distancing. Its private, detached unit configuration offers residents true separation alongside Class A multifamily features.”

Located in an Opportunity Zone at 8250 Lankershim Blvd., the master-planned community environment will provide renters with the comforts of Class A multifamily amenities, including an outdoor pool, clubhouse, gym, billiards and gaming center, dog runs, BBQ and outdoor lounging area and gated entry.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With 3650 REIT’s Roth

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action