Instil Bio Inc. Secures $85M Construction Loan For Tarzana Mixed-Use Property

Located at 18404-18412 Oxnard St. in Tarzana, this mixed-use property spans approximately 102,000 square feet. The transaction took place on 07/12/2022 and was captured in a photo by Greg Grant, which can be seen on Instagram.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $85,000,000
• Loan Type: Construction
• Loan Terms: five-year, floating-rate, interest-only, non-recourse loan
• Landlord: Instil Bio Inc.

Greg Grant of CBRE represented the parties involved in this transaction.

This loan transaction involved a construction loan amounting to $85,000,000. The loan terms include a five-year duration, a floating interest rate, and interest-only payments. The loan is non-recourse, meaning the borrower is not personally liable for repayment.