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California  + Los Angeles  + Office  | 

Bellwether Delivers Financing for Pair of DTLA Fine Arts District Properties

There is still time to join us for Connect Los Angeles tomorrow (Thursday, March 21st) at the Hotel Indigo Downtown Los Angeles. You can get more information and register on this link.

Bellwether Enterprise Real Estate Capital LLC closed two loans totaling $62 million for office properties located in DTLA’s Fine Arts District. Both are former industrial properties that have been adapted for use as office space.

Bellwether Enterprise’s Ned Huffman says, “The Fine Arts District is a hot spot for commercial real estate right now, and these deals demonstrate our team’s ability to provide the financing options our clients need to stay ahead of the curve.”

Bellwether Enterprise’s Kevin Mulvaney arranged both loans on behalf of an undisclosed private family firm. The deals include:

2301 East 7th St., a $40 million refinancing loan for a 257,681-square-foot, five-building office complex. The 10-year term loan will be used to repay an existing commercial bank loan. The lender was Morgan Stanley.

1700 Santa Fe Ave. (pictured), a $22 million bridge loan for a 175,000-square-foot creative office building. The bridge loan has a floating rate over LIBOR for a three-year term, with two one-extension options. The lender is Silverpeak Argentic.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Connect With Bellwether Enterprise’s HuffmanConnect With Bellwether Enterprise’s Mulvaney

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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