Hackman Capital Partners And Affinius Capital Secures $165M Loan To Refinance Raleigh Studios In Los Angeles

The asset involved in this transaction is a commercial property located at 5300 Melrose Avenue in Los Angeles. It spans 314,940 square feet and is primarily utilized as a Hollywood studio, which is currently 94% leased to Netflix.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $165,000,000
• Lender: Wells Fargo and Barclays
• Landlord: Michael Hackman - Hackman Capital Partners; Craig Solomon & Len O'Donnell - Affinius Capital
• Loan Type: Refinance
• Loan Terms: three-year, fixed-rate
• Debt Repaid: $135,000,000
• Equity Returned: $26,900,000
• Ownership Retained by Raleigh Enterprises: 30%

This transaction was facilitated by Hackman Capital Partners and Affinius Capital, who secured the refinancing loan from Wells Fargo and Barclays. The financing involved repaying existing debt while also returning equity to the stakeholders involved in the property deal, with Raleigh Enterprises maintaining a minority stake without sponsoring the refinance.