BWE Refinances Nine Multifamily Buildings in LA County
Bellwether Enterprise Real Estate Capital LLC has announced the closing of a $108 million refinancing of nine apartment complexes in Hollywood, Beverly Hills and Long Beach on behalf of Redwood Urban. The properties were refinanced with a FNMA Credit Facility.
BWE’s Jason Krupoff, who organized the loan, said in a news release, “BWE has a strong relationship with Redwood Urban, and we were thrilled to be able to work with them again on this truly impressive urban portfolio in California.”
The six properties in Hollywood comprise a total of 267 units, and are all within walking distance of numerous amenities. The two Beverly Hills multifamily units comprise 29 apartments total, and have ultra-high-end finishes and garage parking. The Long Beach complex totals 104 units, and includes 15,000 square feet of ground floor retail space along a pedestrian-only Promenade.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.