Lincoln Property Company and McCourt Partners have secured $132.7 million in construction financing from Bank OZK for ElevenOneEleven, a new mixed-use development in Culver City. Senior managing director Lou Friedel and managing director Keith Rosso of Berkadia Los Angeles arranged the financing on behalf of Lincoln and McCourt.
Located at 11111 Jefferson Blvd., ElevenOneEleven will tnclude 344 residences, including 52 affordable units, along with 2,000 square feet of retail and 17,520 square feet of publicly accessible outdoor space.
“This financing marks a critical milestone for ElevenOneEleven, providing the capital needed to move into the next phase of bringing our vision for this project to life,” said Stephen Lindgren, SVP and Los Angeles market lead at Lincoln. “McCourt has been an exceptional development partner throughout the process, and our collaboration reflects a shared conviction in the project and what it will bring to the Culver City community.”
