FINANCED
Joel Schreiber Secures $40M Loan On 445 South Figueroa Street Office In LA
445 South Figueroa Street
Office
701,000 SF
701,000 SF
Financed 20 days ago
Summary
Loan
CALIFORNIA
Office
701,000 sqft
The office tower located at 445 South Figueroa Street in Los Angeles spans 701,000 square feet. Joel Schreiber acquired the property for $110 million in March 2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $40,000,000
- Lender: Don Hankey - Hankey Capital
- Landlord: Joel Schreiber
Joel Schreiber successfully paid off over $35 million of a $75 million loan from Hankey Capital on his Union Bank Plaza building in Downtown Los Angeles to secure an extension on the debt. The details of the new loan terms and any personal guarantees remain undisclosed.
Details
FINANCED
IMAGE: Don Hankey & Joel Schreiber
DATE: 04/11/2024
ADDRESS: 445 South Figueroa Street
MARKET: Los Angeles
ASSET TYPE: Office ~ SF: 701,000
LENDER: Don Hankey (@DonHankey) - Hankey Capital
LANDLORD: Joel Schreiber
LOAN AMOUNT: $40,000,000
NOTE: Joel Schreiber successfully paid off over $35 million of a $75 million loan from Hankey Capital on his Union Bank Plaza building in Downtown Los Angeles to secure an extension on the debt, after the loan's maturity this month. Schreiber now holds a $40 million loan on the office tower, purchased for $110 million in March 2023, with details of the new loan terms and personal guarantees remaining unclear.View on map
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Address445 South Figueroa Street
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