An office building spanning 158,000 square feet located at 1640 Sepulveda Boulevard in Westwood, Los Angeles, was recently refinanced with a $36.3 million loan from Argentic Real Estate Investment. The property, now valued at $56 million, is jointly owned by Harbor Associates - Joon Choi, Justin Loiacono, Paul Miszkowicz, and Rich McEvoy - and F&F Capital Group - Jeffrey Frieden and Rob Friedman. The transaction involved a 5-year loan term.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $36,300,000
• Address: 1640 Sepulveda Boulevard
• Market: Westwood, Los Angeles

The refinancing deal was spearheaded by the collaborative efforts of Harbor Associates and F&F Capital Group. Notably, the property, which was originally acquired through a deed-in-lieu of foreclosure, experienced a notable occupancy boost to 77%, contributing to its enhanced valuation despite a 40% decline from its 2018 purchase price.