Steve Gozini

Gozini came out of the export and import business with links to Asia, shifting into real estate in 1994 and has recently crossed paths with some of the biggest personalities and projects in Los Angeles. Recently, BH Properties has added office campuses in the tech hubs of Silicon Valley and Austin, Texas, and launched a multifamily investment platform called Haven Housing. 

Gozini has made a couple of aggressive moves that track back to BH Properties’ base in hard-money lending. In 2024, he offered a $10 million, one-year loan to the busted developer of Oceanwide Plaza to help the bankrupt, unfinished three-tower development in downtown L.A. stay afloat. The loan, approved by bankruptcy court, required developer China Oceanwide to pay a minimum interest rate of about 8.5 percent, according to a financing term sheet. If it defaulted, it would have to pay 18 percent in interest on the loan. It is unclear whether the developer defaulted but it seems likely. A sale of the property has been rumored in recent months but so far failed to materialize. Earlier, in 2023, BH Properties issued a $75 million loan to fund the acquisition of Union Bank Plaza in downtown Los Angeles’ Financial District by New York investor Joel Schreiber’s Waterbridge Capital. Schreiber later sold Union Bank Plaza at discount, for $80 million.

— Alena Botros