Recent transactions include a $28-million capitalization in Long Beach, as well as more than $48 million in secondary funding in Marina del Rey. The firm provided the $28-million capitalization to finance the development of a 221-unit luxury complex in the City Place Mall redevelopment area of Long Beach. Through a combination of construction and mezzanine debt, the transaction was structured to provide for 95% of project cost. The other advisory assignment, a $49-million second funding of permanent financing, will be used for two apartment complexes in Marina Del Rey.
Buchanan Street Partners provides investment management services for institutional and private investors, as well as fee-based advisory services to real estate developers.
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