Press Release
HYBRID CAPITAL ARRANGES $12 MILLION IN ACQUISITION FINANCING
FOR HISTORIC MIXED-USE BUILDING IN HOLLYWOOD CALIFORNIA
December 9, 2013 – New York – Hybrid Capital, a New York-based full-service commercial mortgage and advisory firm, arranged $12,000,000 in acquisition financing for a Class A, eight-story elevator mixed-use historic building in Hollywood, California. Located on Hollywood Boulevard, the property consists of 42 luxury residential units, 7,500 square feet of retail space and an adjoining enclosed parking structure comprised of 144 parking spaces.
According to Bobby Bakhchi, the CEO of Hybrid Capital, “This is a desirable asset in an excellent market, and we generated interest from numerous lenders, enabling us to achieve competitive rates and terms for our client.” Plans call for the renovation of the 92% leased property.
Over the past three years, Hybrid Capital has arranged financing for properties valued in excess of $1.5 billion.
About Hybrid Capital
Hybrid Capital (Hybrid) is a full service commercial mortgage brokerage and real estate capital advisory firm representing clients nationwide in the course of acquisitions, recapitalizations and construction/development projects. The firm has a track record of success in securing financing for all property types including multifamily, retail, industrial, hotel and mixed-use properties.
Hybrid creates value for its clients by delivering optimal rates and terms for even the most complex transactions through a multi-disciplined, research-driven understanding of the asset, and a depth of relationships with the full spectrum of commercial real estate lenders, including domestic and foreign banks, investment banks, pension funds, REITs, insurance companies, opportunity funds, hedge funds, and private lenders. Hybrid is one of the fastest growing real estate capital advisory firms, providing service for debt and equity placements, mezzanine debt and preferred equity.