FINANCED
Kennedy Wilson Secures $70M Loan For Properties On South El Camino Drive With Investment Management
150 and 151 South El Camino Drive
Office
112,000 SF
112,000 SF
Summary
Loan
CALIFORNIA
Office
112,000 sqft
The properties located at 150 and 151 South El Camino Drive have recently been involved in a closed transaction. The deal took place on 06/28/2018 and involved a loan of $70,000,000. The total square footage of the properties is 112,000.
Summary of transaction details
- Property Type: N/A
- Transaction Amount: $70,000,000
- Lender: Investment Management, CIO Steven J. Goulart
- Term: 10 year fixed rate
- Landlord: Kennedy Wilson, CEO William J. McMorrow
Steven J. Goulart, the Chief Investment Officer of Investment Management, provided the loan for this transaction. The loan has a fixed rate for a duration of 10 years. On the other side of the deal, Kennedy Wilson, led by CEO William J. McMorrow, acted as the landlord for the two properties.
It is worth noting that Kennedy Wilson acquired the properties for a total of $67,000,000 in 2013.
Read LessDetails
FINANCED
IMAGE: Steven J. Goulart and William J. McMorrow
DATE: 06/28/2018
ADRESS: 150 and 151 South El Camino Drive
MARKET:
CITY:
ASSET TYPE:
LOAN AMOUNT: $70,000,000
SF: 112,000
LENDER: Investment Management, CIO Steven J. Goulart
TERM: 10 year fixed rate
LANDLORD: Kennedy Wilson, CEO William J. McMorrow
NOTE: Kennedy paid 67M to acquire the two properties from in 2013.View on map
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Address150 and 151 South El Camino Drive
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