Shopoff Realty Investments: Shopoff Realty Investments Snags $61M Loan Toward SoCal Redevelopment

A New York-based real estate investment firm has secured some funding for its long-in-the-works plan to redevelop a beachside industrial parcel in Southern California. Shopoff Realty Investments secured a $60.9 million senior mortgage loan from Lionheart Strategic Management toward Magnolia Coast, Shopoff's 28.9-acre master-planned project in Huntington Beach, Calif. The new loan package refinances existing [...]