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.
