Real Estate/Development
Oct. 2, 1999
Investing in debt
Chicago-based Equity Office Properties Trust has purchased a portion of mezzanine debt financing on SunAmerica Center, a 39-story Class A office building located in the Century City area of Los Angeles. The purchase price of the debt was $72.4 million for 67 percent of the mezzanine debt.
Chicago-based Equity Office Properties Trust has purchased a portion of mezzanine debt financing on SunAmerica Center, a 39-story Class A office building located in the Century City area of Los Angeles. The purchase price of the debt was $72.4 million for 67 percent of the mezzanine debt.
Separately, but concurrently with EOP's purchase, Lehman Brothers arranged $210 million in first mortgage financing, which will replace a similar amount of existing secured debt.
Sun ...
Separately, but concurrently with EOP's purchase, Lehman Brothers arranged $210 million in first mortgage financing, which will replace a similar amount of existing secured debt.
Sun ...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In