NewsMV
The $1.1 billion CMBS loan tied to Hudson Pacific Properties' Hollywood Media Portfolio has been extended with no principal paydown and the stated interest rate left unchanged.
For $HPP holders, the maturity clock now runs to November 9, 2027. The leasing reserve established at closing, and how quickly it fills with signed deals, is what the setup turns on from here.
The structure of the deal The Hollywood Media Portfolio spans 2.2 million square feet.
It anchors on three studio lots, Sunset Gower Studios, Sunset Las Palmas Studios and Sunset Bronson Studios, and includes five on-lot or adjacent Class A office properties: ICON, EPIC, Harlow, 6040 Sunset and CUE.
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