Christina Secures Loan to Refinance Recently Acquired Multifamily Project in West Hollywood
LOS ANGELES–(BUSINESS WIRE). acquired, fully leased, six-unit multi-family condominium development just north of the world-famous Sunset Strip in West Hollywood.
Christina 4 acquired 1128 Larrabee in November 2022 for $2.45 million in partnership with Silver Creek Commercial Development (“Silver Creek”). The three-story building sits on approximately 6,976 square feet and is adjacent to 1120-1124 Larrabee Street, another partnership-sponsored development that will soon include 22 luxury residences designed by acclaimed architectural firms Gruen Associates and Marmol Radziner.
“Our excellent industry reputation coupled with our longstanding relationship with Citizens Business Bank has made this attractive loan possible, especially given the current market environment,” said Vincent Chan, Christina’s Chief Operating Officer.
Christina Real Estate Investors (“CREI”) programmatic series of private equity real estate companies offers accredited investors the opportunity to participate in ownership of quality real estate located exclusively in the prime submarkets of the Westside area of Los Angeles. By acquiring, enhancing and operating a diversified portfolio of investment grade properties, Christina’s primary objective is to deliver superior, tax-advantaged returns over the long term.
The Company’s current private equity offerings, Christina 5 Wealth Builder and Christina 5 Income Builder, are strategically positioned to take advantage of distressed acquisition opportunities and are operational and open to participation by accredited investors and members during this time want to capitalize on a new wave of opportunities this next real estate cycle.
To learn more about Christina, visit christinala.com.
This press release is not and will not be an offer to sell or a solicitation to buy any securities constitute an offer, solicitation or sale in any state or jurisdiction where such offer, Solicitation or sale would be unlawful. Any offering from Christina 5 Wealth Builder and Christina 5 Income Builder is only done in accordance with the Terms and Conditions set out in the private placement memorandum. Investing in real estate involves risk of loss. Past performance is no guarantee of future results.
Christina is a Malibu-based real estate developer, manager and sponsor founded in 1977. For over 45 years, the company has sponsored investments in the Westside area of Los Angeles primarily through eight submarkets including Beverly Hills, Brentwood, Century City, Malibu, Santa Monica, Silicon Beach, West Hollywood and Westwood. Christina offers accredited investors the opportunity to participate in ownership of select investment properties in these prime neighborhoods. The company has been featured in Bloomberg, Forbes, Los Angeles Times and Yahoo Finance. To learn more, visit ChristinaLA.com.