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3/30/22
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In a big SoCal financing deal, a partnership comprised of Continental Development Corporation and Mar Ventures Inc has obtained $276 mil of construction and permanent financing for a new corporate headquarters and training facility to be leased to the Los Angeles Chargers football team. The transaction was arranged by Sonnenblick-Eichner Company.
The state-of-the-art performance center, which will be located in El Segundo, will offer office space for the players, coaches and staff, as well as three natural grass fields. The 14-acre site provides convenient access to both SoFi Stadium, home of the Los Angeles Chargers, and the Los Angeles International Airport.
Sonnenblick-Eichner Company Principal David Sonnenblick arranged the loan, which was funded through CTL Capital LLC, a New York-based investment bank specializing in credit tenant lease financing. Continental Development Corporation and Mar Ventures are both headquartered in El Segundo.
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