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

Property Image
FINANCED
$7,500,000
Matt Stewart
Jacob Michael
Ace Sudah

California

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Commercial
Financed 12/14/2023
the dealplayerscompscontact
Property Image
FINANCED

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

Commercial
Financed 12/14/2023
Matt Stewart
Jacob Michael
Ace Sudah
the dealplayerscompscontact
Contact now

Summary

Asset Type:Commercial
Transaction Type:Loan

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
Matt Stewart
12 deals$602M volume
BROKER
Jacob Michael
JLL
Jacob Michael
6 deals$221.9M volume
BROKER
Ace Sudah
JLL
Ace Sudah
6 deals$257.9M volume
BROKER

Details

FINANCED
IMAGE: Matt Stewart, Jacob Michael & Ace Sudah DATE: 12/14/2023 MARKET: Los Angeles ASSET TYPE: Commercial LANDLORD: Mack Sennett Studios (@MackSennettStudios) - Myles Rogg BROKERS: Ace Sudah (@Ace.Sudah), Jacob Michael & Matt Stewart - JLL (@JLL) LOAN AMOUNT: $7,500,000 LOAN TYPE: Bridge NOTE: JLL Capital Markets has recapitalized a 25,000-square-foot content and entertainment studio in LA, paying off bridge financing. The borrower, Mack Sennett Studios, secured a $7.5 million loan from a foreign-based bank. The studio, located in the Arts District of Los Angeles, benefits from a surge in content creation and is positioned as a sought-after production cluster.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,500,000.00

Monthly NOI$50,000.00
Monthly Debt Service$47,405.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00