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Beverly Dev Site Secures $231M Loan From Deutsche Bank & Starwood Property Trust

8899 Beverly
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This Development Site property located in CA received a loan of $231,000,000 almost 4 years ago. The brokers of the deal were Robert (Rob) Rubano and Fredrik Eklund

The property involved in this closed transaction is a development site located at 8899 Beverly in the Westside market. The transaction took place on June 18, 2021.

Summary of transaction details:

  • Property Type: Development site
  • Transaction Amount: $231,000,000

The loan for this transaction was provided by Deutsche Bank and Starwood Property Trust, with Troy Miller representing Starwood Property Trust. Angelo Gordon serves as the landlord, with Josh Baumgarten and Townscape Partners representing them. The brokers involved in this deal are Rob Rubano from Cushman & Wakefield and Keith Padien, as well as Fredrik Eklund from Douglas Elliman.

Josh Baumgarten, Adam Schwartz, Troy Miller, Fredrik Eklund, Keith Padien, and Rob Rubano can be seen in the image shared on Instagram for this transaction.

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Deals
  • Location
    8899 Beverly Boulevard, Los Angeles, CA 900488899 Beverly Boulevard, Los Angeles, CA 90048
  • Loan Value
    $231,000,000$231,000,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 2 Agencies, 2 Lenders2 Brokers, 2 Agencies, 2 Lenders

Agents

Fredrik Eklund

Fredrik Eklund

Deals16
Financed$231M

Agencies

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

Douglas Elliman

Douglas Elliman

Agency
Deals1571
Volume$18.3B

Deutsche Bank

Deutsche Bank

Lender
Deals117
Volume$ 2.7T

Starwood Capital Group

Starwood Capital Group

Lender
Deals29
Volume$ 154.4B

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Deal Summary

LOAN IMAGE: Josh Baumgarten, Adam Schwartz, Troy Miller, Fredrik Eklund, Keith Padien, Rob Rubano DATE: 06/18/2021 ADDRESS: 8899 Beverly MARKET: Westside ASSET TYPE: Dev site LENDER: Deutsche Bank & Starwood Property Trust - Troy Miller LANDLORD: Angelo Gordon - Josh Baumgarten & Townscape Partners BROKERS: Rob Rubano @robrubano  & Keith Padien - Cushman & Wakefield, Fredrik Eklund @fredrikeklundny - Douglas Elliman LOAN AMOUNT: $231,000,000

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8899 Beverly

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