Bascom closes first acquisition under new Private Capital Platform

The Bascom Group, LLC, has acquired Amabel Townhomes, a 13-unit community located at 309 Amabel St. for $2.3 million or $176,923 per unit and $179 per s/f. Debt financing was provided by Banc of California and arranged by Jonathan Wintner and Olga Alworth of Meridian Capital Group. This is the first acquisition under Bascom's new Private Capital Platform which focuses on buying smaller, value-add multifamily properties in infill locations in Southern California with accredited investors.