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California  + Retail  | 

Apollo Provides Nearly $575M in CRE Loans on Premiere L.A. Properties

New York-based Apollo Global Management, Inc. reported that funds and entities managed by its affiliates closed on more than $300 million in first mortgage loans for THEA at Metropolis in Downtown Los Angeles and L’Ermitage Beverly Hills. Combined with its $274.9 million loan to fund Silverstein Properties’ recent acquisition of US Bank Tower in DTLA, the loans bring Apollo’s total first mortgage lending in Los Angeles to nearly $575 million over a two-month period.

Apollo Funds originated a $250 million first mortgage on THEA at Metropolis, a newly-completed project consisting of 685 luxury rental apartments and 28,287 square feet of commercial space. THEA is part of a larger mixed-use development that encompasses the 350-key Hotel Indigo and two luxury condo towers, as well as multiple restaurants and retail spaces. The five-year floating rate mortgage was part of a refinancing by project sponsor Greenland USA.

Apollo Funds also originated a $56.5 million first mortgage for the L’Ermitage Beverly Hills, a 116-key luxury all-suite hotel in Beverly Hills. The five-year floating rate mortgage helped fund EOS Investor LLC’s acquisition of the property.

For comments, questions or concerns, please contact Dennis Kaiser

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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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