L.A. Care in talks to buy loan on office, data center on DTLA’s fringe
After Rising Realty Partners’ default on a $200 million loan backing West7Center on the outskirts of downtown, a tenant is in talks to buy the note from its lenders, a person familiar told The Real Deal. That tenant is L.A. Care. The $200 million note on the office and data center at 1200 West 7th Street in City West was originated by Brookfield. Brookfield later sold part of the debt — $172 million to multiple lending entities. The notice of default concerned that portion, TRD previously reported. The lender syndicate is led by Shinhan, a Korean bank. The lenders chose […]This article originally appeared on The Real Deal. Click here to read the full story.
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