Kennedy Wilson Secures $70M Loan For Properties On South El Camino Drive With Investment Management

150 El Camino Drive, Beverly Hills, CA 90212, USA

$70,000,000

$625/SF

Building Size

112,000 SF

Asset Type

Office

Closing

Jun 27, 2018

AI

The properties located at 150 and 151 South El Camino Drive have recently been involved in a closed transaction. The deal took place on 06/28/2018 and involved a loan of $70,000,000. The total square footage of the properties is 112,000.

Summary of transaction details

Property Type: N/A
Transaction Amount: $70,000,000
Lender: Investment Management, CIO Steven J. Goulart
Term: 10 year fixed rate
Landlord: Kennedy Wilson, CEO William J. McMorrow

Steven J. Goulart, the Chief Investment Officer of Investment Management, provided the loan for this transaction. The loan has a fixed rate for a duration of 10 years. On the other side of the deal, Kennedy Wilson, led by CEO William J. McMorrow, acted as the landlord for the two properties.

It is worth noting that Kennedy Wilson acquired the properties for a total of $67,000,000 in 2013.

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