HFF Arranges $78M for Mixed-Use

(Save the date: RealShare Los Angeles comes to the Hyatt Regency Century Plaza in Los Angeles, CA, on March 27, 2013.)WEST HOLLYWOOD, CA-Broadreach Capital Partners has received a $78-million refinancing loan for the Sunset, a 177,949-square-foot, mixed-use development here. HFF worked on behalf of Broadreach to secure the three-year-floating-rate loan through AIG Asset Management Group. The loan, which provides for two additional one-year extension options, was used to refinance existing debt and will also be serviced by HFF.

The HFF team representing the borrower was led by managing director Todd Sugimoto and director Andrew Harper, along with senior managing directors Richard Plummer, Michael Ross and Michael Leggett.