$9,900,000 Perm Loan on Creative Office in Culver City, CA

Transaction Description:

$9,900,000 Perm Loan on Creative Office in Culver City, CA

65% LTV                                                       


Bank Lender                                                

Single Tenant, New Lease                                          

Expedited Closing Timeline                      

New Borrower Relationship         

$9,900,000 Perm Loan (Refinance) on Creative Office (New Construction) in Culver City, CA – Refinance.

Mandri Capital has a longtime relationship with this national bank lender. Sponsor is a new Mandri client. Sponsor had recently completed construction on a full exterior and interior renovation and had secured a new single-tenant lease at this attractive Silicon Beach location. Mandri completed a rigorous capital market survey to identify a bank able to offer non-recourse at the requested loan proceeds level. The loan closing occurred on an expedited timeline to accommodate a pending loan maturity. Mandri Capital continues to grow its capital advisory practice almost exclusively on referrals. Please keep us in mind for any and all relevant commercial real estate financings.