facebook
Traded Co logo
Submit a Deal
5601 Santa Monica Boulevard
FINANCED

Bardas Investment Group & Bain Capital Secure $300M Construction Loan In Hollywood

5601 Santa Monica Boulevard

Development Site
clock iconFinanced 32 days ago
the dealplayerscompscontact
share iconContact now

Summary

Loan
CALIFORNIA
Development Site

A $300 million construction loan has been secured by Bardas Investment Group and Bain Capital from Blue Sky Servicing for their Echelon Studios project in Hollywood. The loan will fund the development of 600,000 square feet of office and studio space at 5601 West Santa Monica Boulevard, with an expected completion date in 2026.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $300,000,000
  • Asset Size: 5.5 acres
  • Market: Hollywood, Los Angeles
  • Lender: Blue Sky Servicing
  • Landlord: David Simon - Bardas Investment Group ; Dan Cummings - Bain Capital
  • Loan Type: Construction Loan
  • Loan Terms: Three-year term with one-year extension option

The Echelon Studios project's loan was provided by Blue Sky Servicing, with David Simon representing Bardas Investment Group and Dan Cummings representing Bain Capital as landlords in the deal.

Players

  • All

    1

  • Lenders

    1

Blue Sky Servicing's profile picture
Blue Sky Servicing
Blue Sky Servicing

Details

Deal Summary
minus icon
FINANCED
IMAGE: David Simon & Dan Cummings DATE: 06/12/2024 ADDRESS: 5601 Santa Monica Boulevard MARKET: Hollywood, Los Angeles ASSET TYPE: Development Site ~ BSF: 600,000 ~ ACRES: 5.5 LENDER: Blue Sky Servicing LANDLORD: David Simon - Bardas Investment Group (@BardasInvestmentGroup); Dan Cummings - Bain Capital LOAN AMOUNT: $300,000,000 LOAN TYPE: Construction Loan LOAN TERMS: three-year loan, one-year extension option NOTE: Bardas Investment Group and Bain Capital have secured a $300 million construction loan from Blue Sky Servicing for their Echelon Studios project in Hollywood, planned for 5601 West Santa Monica Boulevard. The loan, filed with Los Angeles County, aims to fund the development of 600,000 square feet of office and studio space, with plans indicating a completion target of 2026. BainCapital

View on map

Loading...

Address5601 Santa Monica Boulevard

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.