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
Market Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
Loading comparables…
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