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Carlyle Capital Funds High Profile $7MM L.A. Real Estate Deal

December 06, 2018, 07:00 AM
Filed Under: Real Estate
Related: Real Estate

Carlyle Capital, a direct private lender, has successfully funded a $7 million loan on a $7.3 acquisition price for a stunning hilltop property in Bel Air, California. This loan was orchestrated by the team at Carlyle Capital in order to bridge the equity gap that was needed along with the current debt on the property. Managing partners of Carlyle Capital, Mark Atalla, Andrew Abas and Ryan Bacily plan to develop the property themselves alongside world famous developer Ilan Sharone. Bravo TV's Million Dollar Listing Los Angeles TV Star Josh Altman was the agent that represented both Carlyle Capital and the seller in this off-market opportunity. Altman did nothing short of a stellar job fighting for them on the front lines of this prominent deal that took just under 3 weeks to fund, closing ahead of schedule.

The unique site is a promontory lot in the heart of Bel Air, California with panoramic views from Downtown LA down to the Pacific Ocean, and has not been on the market for over 40 years. In fact, the home has some celebrity history being previously owned by a family member of Fleetwood Mac.

The team plans to construct a new 14,000 square foot state of the art estate on the lot with ultimate privacy and are expected to sell the property north of $30 million USD once complete. The Bravo TV team plans on featuring the process of the development on the new season of Million Dollar Listing Los Angeles in the upcoming year.

Carlyle Capital is an asset-based private lender and asset management company in the business of deploying capital. Throughout its 18-year history, Carlyle Capital has funded hundreds of millions of dollars in loans through a variety of real estate transactions. They are looking forward to this particular development with such a prolific expert developer.


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