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Torchlight Investors Provides $135M Refinance Loan For Mixed-Use Property In Malibu

Property Image
FINANCED
$135,000,000

California

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Mixed-use
Financed 02/29/2024
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Property Image
FINANCED

Torchlight Investors Provides $135M Refinance Loan For Mixed-Use Property In Malibu

23465 Civic Center Way

See Similar Deals
Mixed-use
Financed 02/29/2024
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Summary

CALIFORNIA
Asset Type:Mixed-use
Transaction Type:Loan

The property located at 23465 Civic Center Way in Malibu, California, is a mixed-use asset comprising retail and office spaces. The loan for this property was secured for a total amount of $135,000,000 and was obtained for the purpose of a refinance. The lender for this transaction is Jon Stein from Torchlight Investors, while the debt intermediary involved is John Marshall from JLL.

Summary of transaction details:

  • Property Type: Mixed-Use - Retail & Office
  • Transaction Amount: $135,000,000
  • Landlord: Pacific Equity Properties, Inc.
  • Lender: Jon Stein - Torchlight Investors
  • Debt Intermediary: John Marshall - JLL

Jon Stein, representing Torchlight Investors, provided the loan for this mixed-use property, showing the active involvement of reputable financial institutions in this real estate transaction. John Marshall, acting as the debt intermediary from JLL, played a crucial role in facilitating the refinancing process for the property at 23465 Civic Center Way. The collaboration between these key individuals and companies underscores the significant financial transactions that contribute to the dynamic real estate market in Malibu, California.

Players

John Marshall
7 deals$440.2M volume
BROKER

Torchlight Investors
LENDER

Details

FINANCED
IMAGE: Jon Stein & John Marshall DATE: 02/29/2024 ADDRESS: 23465 Civic Center Way MARKET: Malibu, California ASSET TYPE: Mixed-Use - Retail & Office LANDLORD: Pacific Equity Properties, Inc. LENDER: Jon Stein (@JStein) - Torchlight Investors DEBT INTERMEDIARY: John Marshall - JLL (@JLL) LOAN AMOUNT: $135,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$135,000,000.00

Monthly NOI$900,000.00
Monthly Debt Service$853,291.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00