5800 Uplander

Dec 10, 2018

Creative Office

$11,100,000 bridge loan

31,000 square foot creative office building

Culver City, CA

HRC negotiated a $11,100,000 bridge loan for the renovation and repositioning of a 2-story, 31,000 square foot creative office building in Culver City, Los Angeles, immediately adjacent to Fox Hills Park. The property will be marketed to single-tenant users throughout the renovation period. Highland placed the 3-year, non-recourse bridge loan with a private lender at a rate in the L+400s, with significant holdback for renovation and TI and LC requirements.

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