May 19, 2017 Comments Off on The Rise Hollywood Secures $100M Construction Loan Views: 514 California News, Los Angeles

The Rise Hollywood Secures $100M Construction Loan

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Bethesda, MD-based Walker & Dunlop arranged $100 million in construction financing for The Rise Hollywood, a 368-unit, seven-story apartment project in the Hollywood Entertainment District. The project is being developed by Boca Raton, FL-based Rescore Property Corp., in partnership with Los Angeles-based Cal-Coast.

Site work is underway on the parcel located at 1331 North Cahuenga Blvd. The project will feature nine-foot ceilings, wood flooring, stainless steel appliances, quartz countertops, balconies, and walk-in closets. Amenities include a pool, fitness center, yoga room, club room, and dog run.

Walker & Dunlop’s Kevin O’Grady, Daniel Sheehan and Eric McGlynn arranged the financing, which was provided by Bank of the Ozarks.

O’Grady says, “This product is innovative in both contemporary design and amenities as conceived by Rescore, a cutting-edge apartment developer with a national footprint.”

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