$3,000,000 Bridge Loan for Single-Tenant Creative Office Property
Transaction Description:
$3,000,000 Bridge Loan for Single-Tenant Creative Office Property – Value-Add Renovation
Creative Office Conversion
Silver Lake – Los Angeles, California
Speculative Build
Non-Recourse
Signed Up Pre-Covid
High Leverage
Mandri Capital successfully closed a non-recourse bridge loan to capitalize the renovation of 5,000 SF creative office property in the Silver Lake neighborhood in Los Angeles.
Mandri Capital prepared a meticulous submarket survey to prove out the robustness of “small box” creative office tenant demand within the tech/media ecosystem in Hollywood. This is the second bridge loan Mandri Capital has closed with this institutional lender.
