Wednesday, May 6, 2015

HFF secures $23.18 million financing for Beverly Hills, CA development site

Kevin MacKenzie
 IRVINE, CA – May 6, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $23.18 million in financing for a 36,000-square-foot development site at 9908 Santa Monica Boulevard in Beverly Hills, California.

HFF worked on behalf of the borrower, GPI Companies in placing the three-year, floating-rate loan with Cornerstone Real Estate Advisers. 

The development site is situated on the southwest corner of Santa Monica and Charleville Boulevards across from the Beverly Hilton, the former Robinsons-May department store building and the Peninsula Beverly Hills hotels.  

Once the site of the Friars Club, the vacant site is currently commercially zoned for office or retail use.

The HFF debt placement team consisted of senior managing director Kevin MacKenzie and associate directors Greg Brown and Jeff Sause.

“HFF was able to identify a lender that understood the specific goals of our client and worked to provide a loan structure that will allow them to execute their business plan,” said Brown. 

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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