Hyperloop Campus

2145 Sacramento & 2150 Bay St

Bridge Loan

37,000 SF Creative Office

Arts District, DTLA-Los Angeles, CA

HRC secured a $10,350,000 bridge loan for the repositioning and renovation of two industrial buildings totaling 37,000 sf in the Arts District in DTLA.  Ownership had secured a lease with Hyperloop to occupy a 23,000 sf building that they currently owned and an adjacent 14,000 sf building they were under contract to acquire.

The assignment was to secure a high-leverage loan, utilizing newly created equity in the property they owned toward the acquisition of the new building.  The new loan required approximately $4,000,000 of Cap Ex, TI and LC

The 1-year bridge loan was provided by an institutional fund manager at 85% LTC.

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