JLL Brokers $85M LoanCore Capital Loan For LAX Portfolio

The property involved in this closed transaction is located at 5901 West Century Blvd, 5933 West Century Blvd, 5959 West Century Blvd, 6151 West Century Blvd, 5940 West 98th Street, 5960 West 98th Street, 6144 West 98th Street, and 9801 Airport Blvd in the LAX market. The asset type is identified as Other. The property has a total square footage of 556,161.

Summary of transation details

• Property Type: Other
• Transaction Amount: $85,000,000
• Loan Amount: $85,000,000
• Landlord: Cofinance Group, KOAR International LLC

The lenders for this transaction are LoanCore Capital represented by Brendan McNally, and the brokers involved are Bob Tonnessen, Rob Hinckley, Michael Gigliotti, and Steven Paskover from JLL. The loan amount for this transaction is $85,000,000. The property is owned by Cofinance Group and KOAR International LLC.

Note: This transaction involves Leased Fee Portfolio Financing.