Annaly Capital Management Provides $66.5M Loan For Mixed-Use Property In Encino

An attractive mixed-use property located at 18700 Ventura Blvd in Encino has recently been involved in a closed transaction. The property, spanning 149,259 square feet, comprises a retail center anchored by renowned brands such as Whole Foods, LA Fitness, and TJ Maxx. This prime asset offers a range of retail options to the local community.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $66,500,000
• Address: 18700 Ventura Blvd
• Market: Encino

The financing for this transaction was provided by Annaly Capital Management, a well-known lending institution. Pearlmark, represented by Stephen Quazzo, served as the landlord in this deal. Quazzo was instrumental in facilitating the transaction between the borrower and lender, ensuring a smooth and successful closing.

This transaction highlights the robust real estate market in Encino, with a significant amount of investment being made in mixed-use properties. The involvement of Annaly Capital Management as the lender showcases their confidence in the property's potential and the growth prospects of the Encino market.