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August 21, 2018
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Office Asset along LA’s Miracle Mile Lands $105 Mil Refi Loan

5/29/18

A J.H. Snyder Company affiliate has obtained a $105 mil refi loan on SAG-AFTRA Plaza, an 11-story, 548k sf office building in LA’s Miracle Mile area. The building is located at 5757 Wilshire Blvd.

SAG-AFTRA Plaza caters to a variety of international entertainment, media, cultural, and communication-oriented industries, including its largest tenant and namesake, the Screen Actors Guild-American Federation of Television and Radio Artists. The property also features 28k sf of street-front restaurant and retail space.

The property is one of the most prominent buildings along Miracle Mile, a stretch of Wilshire Boulevard that is home to the La Brea Tar Pits pavilion, the Los Angeles County Museum of Art, The Petersen Automotive Museum, A+D Museum, among others, creating “Museum Row” on the Miracle Mile. Additionally, the Academy Museum of Motion Pictures, which is slated to open in 2019, will be located just a few blocks away from the property. An affiliate of J.H. Snyder Company, which is headquartered in the building, has owned 5757 Wilshire Boulevard for more than 40 years.

The 10-year loan, provided by a life insurance company, features a fixed rate below 4.00% and full-term interest-only payments. This transaction was arranged by Meridian Capital’s Seth Grossman, Steve Edelstein and Jackie Tran.





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