Building windows

Getting Results – Financing for a pioneering transaction

When a leading New York developer wanted to pursue its first California venture, JMBM was the Firm of choice for the deal financing. We closed the senior debt portion of the capital financing for our commercial lending client, HSBC, on the new $330 million Wilshire Carlyle luxury condominium tower.

The 24 story, 78-unit crescent-shaped tower may well be the last high-rise permitted on the Wilshire corridor, and developer El-Ad Group needed financing that was structured for the scope of this luxury project. We facilitated an intricate financial transaction that covered the land, the site excavation and the tower design.