Bandon Capital Advisors, a commercial mortgage banking and capital advisory firm based in Los Angeles, has arranged a $13.99 million loan for the refinancing of a 49,000-square-foot single-tenant creative office building in El Segundo, Calif., on behalf of BLT Enterprises.
The property includes 49,000 square feet of creative office space with tenant-friendly features, such as highly finished offices, kitchens, conference rooms and a finished basement. It serves as the U.S. headquarters for its single tenant, Nexon, an innovator in interactive entertainment software.
According to Bryan Kenny, co-founder and president at Bandon Capital Advisors, this transaction underscores the viability of office financing in the current landscape.
“Despite the challenges office real estate is undergoing and the uncertain economic environment, we were able to secure favorable financing for a quality office property on behalf of our client,” said Kenny. “The Los Angeles offi