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Goldman Sachs Provides $389.25M Refinance Loan For Mixed-Use Property In Downtown Los Angeles

624 South Grand Avenue
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This Mixed-use property located in CA received a loan of $389,250,000 about 2 years ago. The brokers of the deal were Jake Wagner, Darren Eades, Brian Torp, Samuel Godfrey, and Kevin MacKenzie

Located in Downtown Los Angeles, the mixed-use property at 624 S. Grand Ave. recently underwent a loan transaction. The property spans an impressive 661,553 square feet, making it a substantial asset in the market.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $389,250,000
  • Loan Type: Refinance Loan
  • Loan Terms: 10-year, fixed-rate, non-recourse, full-term, interest-only

Goldman Sachs served as the lender for this loan transaction. Meanwhile, GI Partners acted as the landlord for the property. The deal was facilitated by Kevin MacKenzie, Brian Torp, Jake Wagner, Samuel Godfrey, and Darren Eades from JLL Capital Markets Group, who represented the parties involved in this transaction.

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Deals
  • Location
    624 South Grand Avenue, Los Angeles, California 90017, United States624 South Grand Avenue, Los Angeles, California 90017, United States
  • Loan Value
    $389,250,000$389,250,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    5 Brokers, 1 Agency, 1 Lender5 Brokers, 1 Agency, 1 Lender

Agents

Jake Wagner

Jake Wagner

Deals1
Financed$389.3M

Darren Eades

Darren Eades

Deals1
Financed$389.3M

Brian Torp

Brian Torp

Deals4
Financed$900.6M

Samuel Godfrey

Samuel Godfrey

Deals3
Financed$602.7M

Kevin MacKenzie

Kevin MacKenzie

Deals14
Financed$1.3B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Goldman Sachs

Goldman Sachs

Lender
Deals81
Volume$ 1.2T

Social

Deal Summary

LOAN IMAGE: @DavidSolomon 💰🎧 DATE: 01/10/2022 ADDRESS: 624 S. Grand Ave. MARKET: Downtown Los Angeles ASSET TYPE: Mixed-use ~ SF: 661,553 LENDER: @GoldmanSachs LANDLORD: GI Partners BROKERS: Kevin MacKenzie, Brian Torp, Jake Wagner, Samuel Godfrey & Darren Eades - JLL Capital Markets Group LOAN AMOUNT: $389,250,000 LOAN TYPE: Refinance Loan LOAN TERMS: 10-year, fixed-rate, non-recourse, full-term, interest-only

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624 South Grand Avenue

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