Deutsche Bank And Mirae Asset Provide $300M Loan For Witkoff Group And New Valley Group's Mixed-Use Hotel On Sunset Boulevard In West Hollywood | 9040 Sunset Boulevard | Deutsche Bank | Dustin Stolly, Christopher (Chris) Kramer, Jordan (Jordy) Roeschlaub, Nick Scribani | Hotel | Loan

Summary

Loan

CALIFORNIA

Hotel

3,850 sqft

The Witkoff Group and New Valley Group have secured a loan of $300,000,000 for the mixed-use hotel located at 9040 Sunset Boulevard in West Hollywood. The loan was provided by Deutsche Bank and Mirae Asset.

Summary of transaction details

Property Type: Mixed-Use Hotel
Transaction Amount: $300,000,000
Lender: Deutsche Bank & Mirae Asset
Landlord: Witkoff Group & New Valley Group
Brokers: Dustin Stolly, Jordan Roeschlaub, Nick Scribani and Chris Kramer - Newmark Knight

Notable individuals involved in the deal include Dustin Stolly, Jordan Roeschlaub, Nick Scribani, and Chris Kramer from Newmark Knight, who served as brokers representing the parties in the transaction.

Players

All
6

Agents
4
Agencies
1
Lenders
1

Dustin Stolly

Co-President, Debt & Structured Finance

$5.1B Sold

Christopher (Chris) Kramer

Executive Managing Director

$2.4B Sold

Jordan (Jordy) Roeschlaub

Co-President, Debt & Structured Finance

$4.8B Sold

Nick Scribani

Executive Managing Director

$3.2B Sold

Details

Deal Summary

FINANCED

IMAGE: Dustin Stolly, Jordan Roeschlaub, Steven Witkoff, Brett Mufson & Christian Sewing DATE: 05/22/2019 ADDRESS: 9040 Sunset Boulevard MARKET: West Hollywood ASSET TYPE: Mixed-Use Hotel LENDER: Deutsche Bank & Mirae Asset LANDLORD: Witkoff Group & New Valley Group BROKERS: Dustin Stolly, Jordan Roeschlaub, Nick Scribani and Chris Kramer - Newmark Knight LOAN AMOUNT: $300,000,000

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Address9040 Sunset Boulevard

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