CTL Capital Provides $276M Construction Loan For NFL Training Facility In El Segundo

The loan for the development of a new training facility for the NFL's Los Angeles Chargers in El Segundo has been secured. The financing, totaling $276,000,000, will be provided by CTL Capital. The project will be overseen by the landlord, Continental Development Corporation, led by Richard Lundquist and Mar Ventures. The deal was facilitated by Sonnenblick-Eichner Company, acting as the broker.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $276,000,000
• Market: El Segundo
• Asset Type: Mixed-use
• Acres: 14

The loan obtained from CTL Capital will be utilized for the construction of the new training facility for the NFL's Los Angeles Chargers. Richard Lundquist's Continental Development Corporation, along with Mar Ventures, will act as the landlord overseeing the development. Sonnenblick-Eichner Company played a crucial role as the broker in facilitating this transaction.