
$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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