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CMA
September 22, 2017  

Loan Sought for 5 Offices in LA Area

A Douglas Emmett partnership is looking to put a $400 million mortgage on five recently acquired office properties in and around Los Angeles.The team is asking for quotes on fixed- and floating-rate debt, preferably with a seven-year term. The leverage is described as roughly 45%, pegging the value of the 948,000-square-foot portfolio at just shy of $890 million.The conservative loan-to-value ratio could draw attention from insurance companies,...


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