{"id":1004373104,"date":"2019-12-04T04:54:18","date_gmt":"2019-12-04T12:54:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004373104"},"modified":"2019-12-04T04:54:18","modified_gmt":"2019-12-04T12:54:18","slug":"los-angeles-retail-center-scores-18m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/","title":{"rendered":"Los Angeles Retail Center Scores $18M Refi"},"content":{"rendered":"
\"\"<\/a>

Brentwood Town Center. Image via Google Street View<\/i><\/p><\/div>\n

Blatteis & Schnur has refinanced Brentwood Town Center, a 12,845-square-foot retail asset in Los Angeles. According to public records, Goldman Sachs provided a $17.5 million non-recourse CMBS loan. The mortgage has a 3.25 percent interest rate and is set to mature in 10 years. Sonnenblick-Eichner Co. represented the borrower.<\/p>\n

According to David Sonnenblick, principal with the firm, the owner was looking for a loan at a rate which would pay for the prepayment penalty on their existing debt\u2014a $12.3 million note from Sun Life Financial, which was originated in 2013, per public records. The property last traded in 2007, when Blatteis & Schnur purchased it from Lenton Properties, for $10.6 million.<\/p>\n

Built in 1992, the two-story retail center is located at 13050 San Vicente Blvd., at the junction with 26th Street. The San Vicente Boulevard corridor is recognized as being the home of multiple high-end restaurants and shopping centers. Additionally, Brentwood is considered one of the most affluent neighborhoods in west Los Angeles, with a median household income that exceeds $120,000. Blue Bottle Coffee, Le Pain Quotidien, Blush LA, PlateFit, Bar Method, Nagao Sushi and Pressed Juicery are among the tenants of Brentwood Town Center, which includes an 89-space subterranean parking lot. <\/p>\n

Sonnenblick-Eichner Co. Principals David Sonnenblick and Patrick Brown facilitated the financing on behalf of the owner. In November, the investment banking firm also secured a $55 million loan<\/a> for three office properties in El Segundo, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new CMBS loan will retire a 6-year-old note from Sun Life Financial.<\/p>\n","protected":false},"author":867,"featured_media":1004373191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1594,21742,21749,15],"tags":[40540,35826,33435,33474,38127],"class_list":["post-1004373104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-los-angeles","category-latest","category-retail","category-west","tag-blatteis-schnur","tag-cmbs","tag-goldman-sachs","tag-sonnenblick-eichner-company","tag-sun-life-financial"],"acf":[],"yoast_head":"\nLos Angeles Retail Center Scores $18M Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Los Angeles Retail Center Scores $18M Refi\" \/>\n<meta property=\"og:description\" content=\"The new CMBS loan will retire a 6-year-old note from Sun Life Financial.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-04T12:54:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Brentwood-Town-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/\",\"name\":\"Los Angeles Retail Center Scores $18M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Brentwood-Town-Center.jpg\",\"datePublished\":\"2019-12-04T12:54:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-retail-center-scores-18m-refi\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Brentwood-Town-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Brentwood-Town-Center.jpg\",\"width\":800,\"height\":620,\"caption\":\"Brentwood Town Center. 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