Instil Bio Inc. Secures $85M Construction Loan For Tarzana Mixed-Use Property | 18404-18412 Oxnard Street | Greg Grant | Mixed-use | Loan

Summary

Loan

CALIFORNIA

Mixed-use

102,000 sqft

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.

Players

All
2

Agents
1
Agencies
1

Greg Grant

Senior Vice President

$64.6M Sold

CBRE

Details

Deal Summary

FINANCED

IMAGE: Greg Grant DATE: 07/12/2022 ADDRESS: 18404-18412 Oxnard St. MARKET: Tarzana ASSET TYPE: Mixed-use ~ SF: 102,000 LANDLORD: Instil Bio Inc. BROKER: Greg Grant - CBRE (@CBRE) LOAN AMOUNT: $85,000,000 LOAN TYPE: Construction LOAN TERMS: five-year, floating-rate, interest-only, non-recourse loan

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Address18404-18412 Oxnard Street

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