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National Resources, Great Point Studios, and Lindsay Goldberg refinanced their 719,943-square-foot "Hollywood on the Hudson" studio portfolio in Yonkers for $435 million.
The floating-rate loan from Bank of Montreal, Starwood Mortgage Capital, and Bank of America replaces $376.8 million in debt and funds tenant improvements.
The portfolio is 98.9% leased with Lionsgate Studio Corp. alone occupying 52.5% of the ***** e, underscoring strong demand for film and TV production real estate.
A four-building Yonkers film studio and office portfolio has landed a $435 million refinancing, according to Commercial Property Executive. The borrower, a joint venture between National Resources, Great Point Studios Operations, and Lindsay Goldberg, used the floating-rate loan to retire $376.8 million in prior debt on the 719,943-square-foot "Hollywood on the Hudson" portfolio, with the balance covering closing costs, equity returns, and tenant improvements.
#Portfolio #national #point #lindsay
National Resources, Great Point Studios, and Lindsay Goldberg refinanced their 719,943-square-foot "Hollywood on the Hudson" studio portfolio in Yonkers for $435 million.
The floating-rate loan from Bank of Montreal, Starwood Mortgage Capital, and Bank of America replaces $376.8 million in debt and funds tenant improvements.
The portfolio is 98.9% leased with Lionsgate Studio Corp. alone occupying 52.5% of the ***** e, underscoring strong demand for film and TV production real estate.
A four-building Yonkers film studio and office portfolio has landed a $435 million refinancing, according to Commercial Property Executive. The borrower, a joint venture between National Resources, Great Point Studios Operations, and Lindsay Goldberg, used the floating-rate loan to retire $376.8 million in prior debt on the 719,943-square-foot "Hollywood on the Hudson" portfolio, with the balance covering closing costs, equity returns, and tenant improvements.
#Portfolio #national #point #lindsay
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