Goldman Sachs Provides $80 Million Refinance Loan To Continental Development Corporation In Los Angeles

The property asset involved in this transaction is an office located at 4800 Alla Road in the Los Angeles market. The asset encompasses a total square footage of 162,031 and is refinanced with a loan amount of $80,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $80,000,000
• Loan Type: Refinance
• Loan Terms: 5 years
• Lender: Goldman Sachs
• Landlord: Continental Development Corporation & Mar Ventures
• Brokers: Patrick Brown & David N. Sonnenblick - Sonnenblick-Eichner Company

The refinancing aligns with a five-year, fixed-rate, interest-only financing model that successfully refinanced a construction loan for the property. The property was developed in 2020 by the sponsor.