The K-Shaped recovery continues to play out with its “haves” and “have nots” across commercial real estate property types in the covid-impacted environment. Commercial real estate developers and investors are finding success in the corridor ranging from the “Hollywood orb” to Downtown Los Angeles – with Netflix, Hulu and other streaming titans driving demand for “small box” commercial space coveted by up and coming media and tech companies.
Mandri Capital, a commercial real estate capital advisor based in Santa Monica, is actively sourcing construction loans, bridge loans, permanent loans in the creative office space in Hollywood and beyond. Last year, Mandri successfully closed a $3,000,000 private money bridge loan for a sponsor performing a creative office repositioning of an aged, vacant industrial property at an attractive location in the Silverlake neighborhood. Mandri Capital was able to identify an institutional debt fund that held steady on their loan proceeds and pricing through the initial onset of Covid, and successfully closed the loan.
A recent article in the LABJ provides go forward support for this thesis: https://labusinessjournal.com/news/2021/mar/22/hollywood-office-market-stays-strong-thanks-media/
Please call Max Friedman at (310) 554-6401 or email mfriedman@mandricapital.com for a confidential discussion on your pending deal.
