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The Reef Creative Space Gets $150M Refinance loan from Greenbridge and Deutsche Bank

Downtown LA Creative Space Gets $150M Refinancing

Greenbridge Finance, along with Deutsche Bank, have co-originated $150 million to refinance The Reef in Downtown Los Angeles. The retail/office/industrial building on South Broadway offers 800,000 rentable square feet of creative habitat tailored to meet the needs of innovators, entrepreneurs and diverse creators.

“Geenbridge applies a similar investment philosophy to its property portfolio and loan book,” said Sean Hashem, principal with Greenbridge Finance. “We immerse ourselves in the local neighborhood and observe community virtues or friction that impact an asset’s ultimate success. These criteria revealed The Reef’s long-term viability as a business and a borrower.”

The 12-floor building unites LA Mart, the largest gift, home and design resource in the West, Maker City LA, a workspace for creative businesses and entrepreneurs and Magic Box, offering facilities for media production, events and experiential marketing.

“Los Angeles is the epicenter of creativity, and there is a steady demand for space to work. The Reef’s design and location make it an ideal place to launch and grow creative businesses,” Hasham added.

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Greenbridge FinanceDeutsche BankThe Reef

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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