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Goldman Sachs Furnishes $80M First Mortgage for Creative Office Campus
Sonnenblick-Eichner Company has arranged an $80-million first mortgage loan secured by Del Rey Campus, a 162,031-square-foot creative office campus located in Marina del Rey. The five-year, fixed-rate, interest-only financing funded by Goldman Sachs refinanced a construction loan for the property, which was developed in 2020 by a joint venture of Continental Development Corporation and Mar Ventures, Inc.
Located at 4800 Alla Rd. in Marina del Rey, the three-building Del Rey Campus offers flexibility for both full floor and multi-tenant buildouts, according to Sonnenblick Eichner. Tenants in the property include the global headquarters for the World Surf League; the westside location for CENTRL Office, a co-working operator based in Portland, OR; and a large video game studio.
“We have closed multiple financing assignments for the borrower, including office, retail, hospitality and special use, which underscores the significant amount of repeat business that we do,” said Patrick Brown, principal of Sonnenblick-Eichner.
- ◦Financing
