Lenders move on Hackman’s Television City, debt pegged at $357M
Lenders made a move on Michael Hackman’s Television City. The Deutsche Bank-led lender syndicate filed a notice of default and election to sell under deed of trust on the Los Angeles studio. The late-June notice claims Hackman Capital Partners owes $357 million. Neither Hackman nor Deutsche Bank immediately responded to a request for comment. In May, Bloomberg reported that the group of lenders was recruiting a real estate broker to market the production lot in L.A.’s Fairfax district. The Real Deal later reported the consortium chose CBRE to shop the loan. The record makes it all official for all parties […]This article originally appeared on The Real Deal. Click here to read the full story.
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