Sterling Organization Receives $12.1 Million Acquisition Financing for Retail Building in Beverly Hills

Beverly Hills, Calif. — Sterling Organization has received $12.1 million in financing for the acquisition of a vacant 4,700-square-foot retail building located on North Beverly Drive in Beverly Hills.

Marc Schillinger, Chris Drew and Ryan Ash of HFF worked on behalf of the borrower to place the non-recourse, fixed-rate loan at $2,583 per-square-foot. The lender was undisclosed.