Updated Sep 30, 2025
SBAF Mortgage Fund, Citi Real Estate Funding & Morgan Stanley Provide $465M Loan For Office Building In Downtown Los Angeles
555 W 5th St, Los Angeles, CA 90013, USA
$465,000,000
$357/SF
Building Size
1,300,000 SF
Asset Type
Office
Closing
Jan 26, 2021
About this deal
AI
The loan for the property located at 555 West 5th Street in Downtown Los Angeles has been secured by SBAF Mortgage Fund, Citi Real Estate Funding, and Morgan Stanley. The loan amount is $465 million, with a term of 2 years.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $465M
- Address: 555 West 5th Street
- Market: Downtown Los Angeles
- Asset Type: Office
- Square Footage: 1.3M SF
- Landlord: Brookfield Property Partners - Brian Kingston
- Tenants: @WeWork, @Deloitte
Ric Clark and Brian Kingston are the individuals involved in this transaction. Ric Clark has represented the lender, SBAF Mortgage Fund, while Brian Kingston represents Brookfield Property Partners as the landlord.
Players
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Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93