facebook
Traded Co logo
Submit

Goldman Sachs & Barclays Provide $900M Loan For Mixed-Use Property In Hollywood

Property Image
FINANCED
$900,000,000

California

See Similar Deals
Mixed-use2,200,000 SF
Financed 07/03/2020
the dealplayerscompscontact
Property Image
FINANCED

Goldman Sachs & Barclays Provide $900M Loan For Mixed-Use Property In Hollywood

1040 N Las Palmas Ave, Los Angeles, CA 90038, USA

See Similar Deals
Mixed-use2,200,000 SF
Financed 07/03/2020
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$409
Total Square Footage:2,200,000 SF
Transaction Type:Loan

Three properties located at 5800 Sunset Blvd, 1438 N Gower St, and 1040 N Las Palmas Ave in the Hollywood market have recently been involved in a closed property transaction. The asset type of these properties is mixed-use. The loan for this transaction was provided by Goldman Sachs and Barclays, with a loan amount of $900,000,000. The loan terms are five-year floating-rate.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $900,000,000
  • Address: 5800 Sunset Blvd, 1438 N Gower St, 1040 N Las Palmas Ave
  • Market: Hollywood

Key individuals and companies involved in this transaction include Stephen Schwarzman, Kathleen McСarthy, Jonathan Gray, Ken Caplan, and Harout Diramerian. The landlords in this deal are Blackstone and Hudson Pacific Properties, with Harout Diramerian representing them. It is important to note that no further details were provided regarding the specific roles of the individuals and companies in the transaction.

Players

LENDER


Blackstone
LANDLORD

Details

FINANCED
IMAGE: IMAGE: Stephen Schwarzman, Kathleen McСarthy, Jonathan Gray, Ken Caplan & Harout Diramerian DATE: 07/03/2020 ADDRESS: 5800 Sunset Blvd, 1438 N Gower St, 1040 N Las Palmas Ave MARKET: Hollywood ASSET TYPE: Mixed-use LENDER: Goldman Sachs & Barclays LANDLORD: Blackstone & Hudson Pacific Properties – Harout Diramerian LOAN AMOUNT: $900,000,000 LOAN TERMS: five-year, floating-rate SF: […]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$900,000,000.00

Monthly NOI$6,000,000.00
Monthly Debt Service$5,688,612.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00