Hackman defaults on $100M loan on creative office campus, faces foreclosure

Hackman Capital Partners is in more trouble, as the Los Angeles-based studio owner adds another nine-figure default to its roster. Michael Hackman’s company defaulted on a $100 million loan on what once was its Sony Pictures Animation campus located in Culver City, which now faces foreclosure, according to a notice of default and election to sell under deed of trust dated early April. The lender claims an entity connected to Hackman owes about $101 million on the note that was originated by Goldman Sachs. Hackman and Affinius Capital (once Square Mile Capital Management) purchased 9050 Washington Boulevard in January 2021 […]This article originally appeared on The Real Deal. Click here to read the full story.