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CommonWealth Partners And CalPERS Refinance Loan For Office Building In Century City For $200M

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FINANCED
$200,000,000

California

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Office528,900 SF
Financed 12/28/2021
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Property Image
FINANCED

CommonWealth Partners And CalPERS Refinance Loan For Office Building In Century City For $200M

1888 Century Park E, Los Angeles, California 90067, United States

See Similar Deals
Office528,900 SF
Financed 12/28/2021
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$378
Total Square Footage:528,900 SF
Transaction Type:Loan

Located at 1888 Century Park East in Century City, this office property spans an impressive 528,900 square feet. The transaction took place on December 28, 2021, and involved a refinance loan.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $200,000,000
  • Address: 1888 Century Park East
  • Market: Century City
  • Size: 528,900 square feet

The lender in this deal was Barclays, while the landlord was CommonWealth Partners represented by Travis Addison and CalPERS represented by Marcie Frost.

Players

Barclays Bank
Barclays Bank
LENDER

Details

FINANCED
IMAGE: Travis Addison & Marcie Frost DATE: 12/28/2021 ADDRESS: 1888 Century Park East MARKET: Century City ASSET TYPE: Office ~ SF: 528,900 LENDER: Barclays LANDLORD: CommonWealth Partners - Travis Addison & CalPERS - Marcie Frost LOAN AMOUNT: $200,000,000 LOAN TYPE: Refinance Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$200,000,000.00

Monthly NOI$1,333,333.33
Monthly Debt Service$1,264,136.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00