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$32M CMBS Loan for West Los Angeles Office Building

Quantum Capital Partners arranged $32.85 million in CMBS debt secured by a six-story, 107,000-square-foot office building located at 12301 Wilshire Blvd. in West Los Angeles. Proceeds from the 10-year, interest only loan will be used to retire existing debt and return equity to the ownership, a local partnership of tenant-in-common investors.

The ownership group acquired the building in 2014. Built in 1974 and renovated in 2010, 12301 Wilshire is 96% leased to a mix of office and medical office tenants.

Quantum Capital Partners’ Jonathan Hakakha says, “Due to the best-in-class sponsorship and location, we received very strong interest from the lending community, and were able to deliver terms and conditions superior to a traditional CMBS loan. We executed an all-in rate lock at application that eliminated any interest rate risk.”

Quantum’s Hakakha and Mike Yim led the team representing the borrower.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.