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Finance Deals of the Week: $135M California Office-Retail Loan
The top financings from March 11 to March 15.
Photo: Getty Images
The deals continue through March with Torchlight Investors providing a $135 million loan on a 122,000-square-foot office and retail campus in Santa Monica, Calif., and Starwood Property Trust refinancing two RXR properties in New York to the tune of $118 million. Moreover, Bank OZK (OZK) and Mesa West have combined on an $88 million loan to refinance an office conversion into multifamily housing in Alexandria, Va. Take a look!
Loan Amount
Lender
Borrower
Address
Asset
Broker
Torchlight Investors
23465 Civic Center Way; Santa Monica
Retail & Office Campus
JLL’s John Marshall, Spencer Seibring, Allie Black and Tim Donald
Starwood Property Trust
RXR
47 Hall Street and 55 Clinton Place; Greater New York
Office & Residential
N/A
1428 Brickell Avenue; Miami
Residential
N/A
Bank OZK and Mesa West
101 King Street; Alexandria
Residential Conversion
Newmark (NMRK)‘s Joe Donato, Kevin Ridgway and Andrew Gaffney
JLL Real Estate Capital & Freddie Mac (FMCC)
375 Marche Chase Drive; Oregon
Residential
JLL’s Jake Wisness and Jake Davidson
Finance Deals of the Week reflects deals closed or announced from March 11 to March 15. Information on financings can be sent to editorial@commercialobserver.com.
SEE ALSO: $523B in Multifamily Loans Mature in Five Years; Five Cities At Risk: Report
Deals of the Week, American Real Estate Partners, Bank OZK, Freddie Mac, Horizon Realty Advisors, JLL Capital Markets, JLL Real Estate Capital, Linkvest Capital, Mesa West, Newmark, Pacific Equity Properties, RXR, Starwood Property Trust, Torchlight Investors, Ytech
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