George Smith Partners Arranges Financing Measure for Upcoming TOD in Hollywood
By
Tony Seruga
The office building at the site recently completed a full lease, prior to the completion of the financing measure.
Development Site
Los Angeles—
George Smith Partners recently arranged financing for a Hollywood-area plot of land housing potential multifamily development space, as well as an office building. The funds will be used by borrower, a local developer and its equity partner. The investment banking firm arranged roughly $30 million in bridge
financing for the property.
Company Principal Malcolm Davies, along with Kyle Henrickson and Teddy Stutz, handled the financing process. According to a press statement announcing the deal, the owner secured a 130-month
lease with a tech company for the entire space available at the office building…
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