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Sonnenblick-Eichner Company has arranged an $80 million first mortgage loan secured by Del Rey Campus, a creative office complex in Marina del Rey. The non-amortizing financing carries a five-year, fixed-rate, interest-only structure and was funded by Goldman Sachs. Proceeds were used to refinance the existing construction loan on the property, which was originally developed in 2020.
The collateral for the loan is a 162,031-square-foot creative office campus located at 4800 Alla Rd. in Marina del Rey. The property consists of three buildings designed to accommodate both full-floor users and multi-tenant configurations, according to Sonnenblick-Eichner Company. This flexibility is positioned to support a mix of occupier types and space needs within the campus.
Del Rey Campus hosts a range of tenants spanning creative and professional sectors. The World Surf League maintains its global headquarters at the property, anchoring the campus with a prominent international sports and media organization. The campus also includes the westside location for CENTRL Office, a co-working operator headquartered in Portland, Oregon, along with a large video game studio, underscoring the asset’s appeal to content, technology, and flexible office users.
The property was developed in 2020 by a joint venture between Continental Development Corporation and Mar Ventures, Inc., reflecting a partnership approach to delivering modern creative office space in Marina del Rey. The new first mortgage from Goldman Sachs replaces the original construction financing and provides a fixed-rate capital structure for the next five years.
Patrick Brown, principal of Sonnenblick-Eichner Company, noted that the firm has completed multiple financing assignments for the same borrower across office, retail, hospitality, and special-use properties. He said this track record highlights the repeat business the firm conducts with the client, indicating an established advisory relationship around debt placement for a diversified portfolio.
The post Goldman Sachs Provides $80M Refi Loan for Del Rey Campus in Marina del Rey appeared first on CRE Market Beat.
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