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JLL Capital Markets Recaps ...

JLL Capital Markets Recaps 25,000-Square-Foot LA Studio With $7.5M Bridge Loan
FINANCEDCommercial

JLL Capital Markets Recaps 25,000-Square-Foot LA Studio With $7.5M Bridge Loan

$7,500,000

Building Size

Asset Type

Commercial

Closing

Dec 14, 2023

AI

Mack Sennett Studios, a 25,000-square-foot content and entertainment studio in Los Angeles, has been recapitalized through a loan provided by JLL Capital Markets. The borrower, Mack Sennett Studios, secured a $7.5 million bridge loan from a foreign-based bank. The studio is located in the Arts District of Los Angeles, a sought-after production cluster, benefiting from the surge in content creation.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $7,500,000
  • Market: Los Angeles

JLL's Ace Sudah, Jacob Michael, and Matt Stewart represented both Mack Sennett Studios and the lender in this transaction.

Players

Matt Stewart

JLL

Broker

$635.5M

vol

13 deals

Broker

Market Commercial Market Snapshot

Boundary boundary · Commercial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93