Business Wire·Jun 12, 2026, 12:31 PM ET

Marcus & Millichap Capital Corporation Arranges $85 Million in Construction Financing for Beverly Hills Mixed-Use Development

Marcus & Millichap Capital Corporation (MMCC) arranged $85 million in construction financing for a 297,771-square-foot mixed-use development at 55 North La Cienega Boulevard in Beverly Hills, California.
Sharone Sabar secured the four-year loan at a 65% loan-to-cost ratio on behalf of a private investor through a national banking institution.
Upon completion, the project will become the largest residential complex in Beverly Hills' history, transforming a site held since October 2014.
The six-story development will include 140 luxury multifamily residences, 13,303 square feet of ground-floor retail, and a three-level subterranean parking structure with 177 spaces.
The amenity package features a rooftop deck with a resort-style pool, restaurant, bar, theater, saunas, conference facilities, private workspaces, \& a communal kitchen.
The project designates 11 units for low-income households and 11 units for moderate-income households.
MMCC closed 1,659 transactions totaling $11.9 billion in 2025, while its parent company, Marcus & Millichap, closed 8,818 transactions with a sales volume of $50.8 billion in the same year.