The Santa Monica-based developer and San Francisco-based investor secured the fixed-rate loan for the Frank Gehry-designed Second Century hub at 100-200 South California Street, next to the Warner Bros. studio lot, the Commercial Observer reported.
The financing - the first commercial mortgage-backed securities office loan on a single property for one borrower since 2022 - was led by Wells Fargo and Morgan Stanley. Terms of the financing were not disclosed.
#real-estate-financing #commercial-property-development #burbank-studios #warner-bros #investment-banking
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