April 24, 2018
NKF Capital Markets closed an $85-million, non-recourse, floating rate, first mortgage loan for The Met Hollywood, a mixed-use multifamily property located at 5837 W. Sunset Blvd. in Hollywood. The mortgage was provided by Greenwich, CT-based Loan Core Capital. The proceeds were used to refinance the existing debt for the undisclosed borrower.
The Met West is secured by a fully leased 79-unit, newly-built luxury apartment building. The Met East is secured by a 12-story, 52,000-square-foot office/residential tower, and a two-story, 40,000-square-foot creative office building.
The property was designed by Santa Monica-based VTBS Architects, and features amenities including a rooftop pool deck, a fitness center, an interior courtyard and secured parking with electric car-charging station.
The team at NKF Capital Markets was led by Brian Bowis, Anthony Muhlstein and Curtis Palmer.
For comments, questions or concerns, please contact Dennis Kaiser