Mark Wintner Of JLL Secures $57.2M Loan For Mixed-Use Property In Santa Monica

The properties involved in the transaction are a mix of mixed-use and creative office spaces located in Santa Monica, California. They include addresses at 401 Santa Monica Blvd., 1347 4th St., 625 Arizona Ave., and 2415 Michigan Ave. The loan amount secured for these properties is $57.2 million, arranged through Principal Real Estate Investors. These assets offer a total of approximately 127,589 square feet of space and are strategically situated near key transportation and commercial hubs in Santa Monica.

Summary of transaction details:

• Property Type: Mixed-use and creative office spaces
• Transaction Amount: $57,200,000.00
• Market: Santa Monica
• Borrower's Rep: Mark Wintner (JLL)
• Lender: Principal Real Estate Investors

Mark Wintner, a Managing Director at HFF, played a pivotal role in securing the financing for Lionstone Investments. This deal marks another successful collaboration between Lionstone and HFF, following a previous refinancing arrangement for Frost Bank Tower in Austin, Texas. Lionstone Investments can now leverage the favorable terms of their 15-year fixed-rate refinancing and floating-rate loan to further enhance their portfolio in the vibrant market of Santa Monica.