CBRE Investment Management Secures $61 Million Refinance Loan From Principal Financial Group For Self Storage In Los Angeles

The property involved in this transaction is a self-storage facility located at 5138 West Sunset Boulevard in Los Angeles. The loan amount secured for this asset is $61,000,000, with the purpose of refinancing. The market value is reflective of the income potential typically associated with self-storage operations in this location.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $61,000,000
• Lender: Principal Financial Group
• Borrower: CBRE Investment Management
• Broker Representation: Bill Moyer, Mark Fluent & David Milestone - CBRE
• Loan Type: Refinance

The key individuals involved in this transaction include Bill Moyer, Mark Fluent, and David Milestone, all representing CBRE in the deal. This collaboration illustrates the active role of brokerage professionals in facilitating refinancing transactions for commercial properties.