Griffin Capital Refinances El Segundo Office Building With $8.3M Loan From Societe Generale

The property located at 1520 East Grand Avenue in El Segundo, with a total area of 27,198 square feet, was involved in a loan transaction for a refinance. The loan amount was $8,300,000 with an interest rate of 7.1% and a 5-year full term interest-only term. The lender for this transaction was David Froschauer from Societe Generale, and the landlord was Kevin Shields from Griffin Capital. The broker representing the deal was Michael Guterman from Bellwether Enterprise (BWE).

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,300,000
• Market: El Segundo
• Lender: David Froschauer - Societe Generale
• Landlord: Kevin Shields - Griffin Capital
• Broker: Michael Guterman - Bellwether Enterprise (BWE)
• Loan Type: Refinance
• Loan Terms: 7.1% Interest Rate, 5-Year Full Term Interest Only

David Froschauer, representing Societe Generale, provided the loan for this refinance transaction. Kevin Shields from Griffin Capital acted as the landlord in this deal, while Michael Guterman of Bellwether Enterprise (BWE) played a crucial role as the broker. The agreement involved these key individuals and companies in facilitating the successful loan refinance for the office property in El Segundo.