Finance Deals of the Week: $475M Warner Bros. HQ Financing
The top five financings from March 18 to March 22.
By The Editors March 22, 2024 10:00 am
reprints![Finance deal sheet](https://commercialobserver.com/wp-content/uploads/sites/3/2024/02/Finance_2.png?w=510)
This week saw some blockbuster financings. First up, Worthe Real Estate Group and Stockbridge secured a $475 million fixed-rate mortgage for Warner Bros.’ new headquarters in Los Angeles. Next up, Jacob Chetrit and Stellar Management sealed a three-year extension for their $370 million commercial mortgage-backed securities loan on Columbus Square in Manhattan.
Loan Amount | Lender | Borrower | Address | Asset | Broker |
---|---|---|---|---|---|
$475 million | Wells Fargo and Morgan Stanley | Worthe Real Estate Group and Stockbridge | Second Century; Los Angeles | Office | Eastdil Secured |
$370 million | N/A | Jacob Chetrit and Stellar Management | Columbus Square; Manhattan | Multifamily | Iron Hound Management's Kevin Thompson |
$71.5 million | Deutsche Bank | Panorama Holdings | Panorama Tower; Charolette, N.C. | Mixed-use | Meridian Capital Group's Morris Betesh and Alex Bailkin |
$46 million | Bank United | Affiliated Development | 303 S Federal Highway; Hollywood, Fla. | Multifamily | N/A |
$39.5 million | Thorofare Capital and Peak Rock Capital | Landmark Companies | 2401 and 2601 East Meadows Boulevard; Mesquite, Texas | Industrial | Baybridge Real Estate Capital's Jay Miller, Spencer Miller and AJ Felberbaum |
Finance Deals of the Week reflect deals closed or announced from March 18 to March 22. Information on financings can be sent to editorial@commercialobserver.com.
2401 East Meadows Boulevard, 2601 East Meadows Boulevard, 303 S Federal Highway, Columbus Square, Panorama Tower, Second Century, Affiliated Development, Bank United, Baybridge Real Estate Capital, Eastdil Secured, Iron Hound Management, Landmark Companies, Meridian Capital Group, Panorama Holdings, Peak Rock Capital, Stellar Management, Stockbridge, Thorofare Capital, Worthe Real Estate Group