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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
- ◦Financing


