Goldman Sachs Provides $389.25M Refinance Loan For Mixed-Use Property In Downtown Los Angeles

Located in Downtown Los Angeles, the mixed-use property at 624 S. Grand Ave. recently underwent a loan transaction. The property spans an impressive 661,553 square feet, making it a substantial asset in the market.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $389,250,000
• Loan Type: Refinance Loan
• Loan Terms: 10-year, fixed-rate, non-recourse, full-term, interest-only

Goldman Sachs served as the lender for this loan transaction. Meanwhile, GI Partners acted as the landlord for the property. The deal was facilitated by Kevin MacKenzie, Brian Torp, Jake Wagner, Samuel Godfrey, and Darren Eades from JLL Capital Markets Group, who represented the parties involved in this transaction.