Joel Schreiber Secures $40M Loan On 445 South Figueroa Street Office In LA

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.