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Harkham Ventures Secures $7.5M Refinance Loan From IDB Bank For Slime Museum In Los Angeles

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FINANCED
$75,000,000

California

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Retail13,900 SF
Financed 05/15/2025
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FINANCED

Harkham Ventures Secures $7.5M Refinance Loan From IDB Bank For Slime Museum In Los Angeles

157 South Fairfax Avenue

See Similar Deals
Retail13,900 SF
Financed 05/15/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$5,395
Total Square Footage:13,900 SF
Transaction Type:Loan

The asset involved in this transaction is a retail property located at 157 South Fairfax Avenue, known as the Slime Museum in Los Angeles. The total square footage of the property is 13,900, and a refinance loan was secured in the amount of $7,500,000.

Summary of transaction details:

Marc Schillinger and Keaton Yellin of JLL represented the landlord, Harkham Ventures, in this transaction. The involvement of IDB Bank as the lender played a critical role in facilitating the refinance.

Players

Marc Schillinger
50 deals$2.2B volume
BROKER

Keaton Yellin
JLL
26 deals$750.7M volume
BROKER

Details

FINANCED
IMAGE: Marc Schillinger & Keaton Yellin DATE: 5/15/2025 ADDRESS: 157 South Fairfax Avenue - Slime Museum Los Angeles MARKET: Los Angeles ASSET TYPE: Retail ~ SF: 13,900 LENDER: IDB Bank LANDLORD: Harkham Ventures BROKERS: Marc Schillinger (@Smaaackdab) & Keaton Yellin (@KeatonYellin) - JLL (@JLL) LOAN AMOUNT: $7,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$75,000,000.00

Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00