Updated Jun 5, 2026
Beverly Dev Site Secures $231M Loan From Deutsche Bank & Starwood Property Trust
8899 Beverly Boulevard, Los Angeles, CA 90048
$231,000,000
$19,250/SF
Building Size
12,000 SF
Asset Type
Development Site
Closing
Jun 18, 2020
About this deal
AI
The property involved in this closed transaction is a development site located at 8899 Beverly in the Westside market. The transaction took place on June 18, 2021.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $231,000,000
The loan for this transaction was provided by Deutsche Bank and Starwood Property Trust, with Troy Miller representing Starwood Property Trust. Angelo Gordon serves as the landlord, with Josh Baumgarten and Townscape Partners representing them. The brokers involved in this deal are Rob Rubano from Cushman & Wakefield and Keith Padien, as well as Fredrik Eklund from Douglas Elliman.
Josh Baumgarten, Adam Schwartz, Troy Miller, Fredrik Eklund, Keith Padien, and Rob Rubano can be seen in the image shared on Instagram for this transaction.
Players
West Hollywood Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93