Quantum Capital Secures $16 Million Refinancing for Retail Center in Downtown Los Angeles

by Camren Skelton

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.

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