Beverly Dev Site Secures $231M Loan From Deutsche Bank & Starwood Property Trust

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.