Pearlmark Real Estate has secured a $67 million bridge loan to refinance the Village Walk, a 149,000-square-foot Village Walk in Tarzana is anchored by a Whole Foods, 24 Hour Fitness & TJ Maxx. The property is on Ventura Boulevard and is situated next to the 101 Freeway, one of California's busiest thoroughfares.

Annaly Capital Management funded the floating rate loan with a thirty-month initial

term with two one-year extension options. The funds will be used to fund capital improvements, tenant improvements and leasing commissions.

Mike Guterman and Brad Sevier of Highland Realty Capital secured the funds on behalf of the borrower.

 

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.