Panot Capital secured a $50.8 million loan to refinance 10 century-old apartment buildings in Hollywood and other parts of Los Angeles.
The loan from Israel Discount Bank of New York comes on a seven-year term with four years of interest-only payments at a rate of 5.94 percent.
Panot Capital focuses on data-driven multifamily and mixed-use properties, with significant holdings in various states including California, New Jersey, North Carolina, Ohio, and Rhode Island.
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