Lincoln, McCourt land $133M construction financing for Culver City mixed-use
Lincoln Property Company and McCourt Partners landed about $133 million in construction financing from Bank OZK for their mixed-use development in Culver City. Berkadia’s Lou Friedel and Keith Rosso brokered the debt deal. The more than 3-acre parcel at 11111 Jefferson Boulevard is set to become 344 apartments, including 52 affordable, 2,000 square feet of retail and thousands of square feet of open outdoor space, if all goes as planned. Construction of ElevenOneEleven, as the six-story development is called, could start in the coming months. “This financing marks a critical milestone for ElevenOneEleven, providing the capital needed to move into […]This article originally appeared on The Real Deal. Click here to read the full story.
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