Descriptif

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to offer for sale a $357.1M Loan (the “Loan”) secured by a first-lien Deed of Trust on the fee simple interest in Beaudry (the “Collateral”), a 93.4% occupied trophy, high-rise tower containing 785-units that are 100.0% market rate with 5,264 square feet of ground-floor retail and abundant subterranean parking, located in Downtown Los Angeles.

Completed in 2023 and standing 56-stories (695’ tall), Beaudry was developed by Brookfield Properties and designed by Marmol Radziner with LARGE Architecture serving as executive architect. The Collateral sits within the master planned FIGat7TH superblock in the heart of the Financial District, offering direct connectivity to over 2.3 million square feet of premier office and retail space along with immediate proximity to Bunker Hill and Crypto.com Arena. Beaudry’s studio through three-bedroom unit mix is complemented by a best-in-class amenity package, including a resort-style pool deck, 57th floor lounge, golf simulator, co-working space, and full concierge and valet service, positioning the Collateral among the most amenitized residential assets in Southern California.

The Loan presents a compelling opportunity for investors to acquire a Loan secured by a landmark, trophy high-rise asset in the heart of Downtown Los Angeles at a meaningful discount to replacement cost. Beaudry’s scale, design pedigree, and irreplaceable location make it a rare chance to gain exposure to one of the region’s most distinctive residential addresses.

...