248 Westminister Ave

$7,000,000 re-finance of office building in Venice, CA

City: Venice, CA
Loan amount: $7,000,000
Lender type: Bank
Property type: Office Building
Size: 10,525 SF

Transaction description

With headlines at the time of loan commitment detailing how Snapchat was leaving Venice Beach in droves and moving to their 300k sf + new home in Santa Monica, there were obvious concern coming from the lender. However, their concerns were overcome by the strength of the real estate and location of 248 Westminister Ave.

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