Alethia Halamandaris |
LOS ANGELES, CA – JLL Capital Markets has arranged financing for two trophy assets in Beverly Hills, California.
250 North Crescent Drive, Beverly Hills, CA |
JLL secured the senior notes with Wintrust Financial for 9440 Santa Monica Blvd., an approximately 92,000-square-foot, trophy, mixed-use building, and a newly constructed ultra-luxury apartment building located at 250 North Crescent Drive. Both assets are located in the famed Beverly Hills “Golden Triangle.”
Jalynn Borders |
JLL worked on behalf of Maxxam Enterprises to secure the financing with Chicago-based Wintrust Financial Corporation.
The two transactions demonstrate Wintrust’s
objective to expand their footprint in California, and Maxxam’s continued
strategy to own, operate and develop best-in class assets across various
product types.
Brenton Norman |
The JLL Capital Markets Debt Advisory team
representing Maxxam was led by Senior Director Matt Stewart, Director Alethia
Halamandaris and Analyst Jalynn Borders.
“In today’s market, debt is no longer a commodity, but rather a strategic partnership. These two transactions between Maxxam Enterprises and Wintrust represent the resilience of such a partnership in the midst of the current market volatility,” Stewart said.
9440 Santa Monica Boulevard, Beverly Hills, CA |
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment and sales advisory, debt advisory, equity advisory or a
recapitalization.
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
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Contact
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
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