LION REAL ESTATE ACQUIRES 26-UNIT APARTMENT PROPERTY

by admin

HOLLYWOOD, CALIF. — Los Angeles-based Lion Real Estate Group (LREG) has acquired two loans on a multifamily property in Hollywood. LREG purchased the senior and junior loans on the property for $4.02 million, representing just over half the original price. Located at 920 N. Wilcox, the property features 26 non-rent-controlled units, including one studio and 25 two-bedroom/two-bath units. The seller was not disclosed.

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