203
Los Angeles — Quantum Capital Partners has secured a $16 million loan for the recapitalization of a retail center in downtown Los Angeles’ Arts District.
Jonathan Hakakha and Mike Yim of Quantum Capital Partners arranged the 10-year, CMBS loan through Deutsche Bank on behalf of the borrower, Third Art Holdings. The 27,000-square-foot retail center is the $5 million adaptive reuse of a 1930s-era bowstring truss warehouse building. Completed in 2017, the property is fully leased to tenants such as Over the Influence, H. Lorenzo, Shinola, Salt & Straw, Salt Bae and Inko Nito.