Dealmaker: JLL Closes $8M Recapitalization for Los Angeles Studio

(Illustration courtesy of JLL)

JLL Capital Markets, Chicago, recapitalized a 25,000-square-foot content and entertainment studio in Los Angeles, paying off bridge financing and preferred equity investors.

JLL represented the borrower, Mack Sennett Studios, Los Angeles, in securing a $7,500,000 loan from a foreign-based bank with regional offices throughout the United States.

Located in Los Angeles’ Arts District, the property has a credit tenant and has seen a significant boost in content creation seen since the start of the pandemic. Bordered by the Los Angeles River on the eastside of downtown LA within walking distance of Union Station and City Hall, the Arts District is home to galleries, restaurants, creative office space, live/work lofts and upscale condos. The district is one of the most filmed locations in the world, hosting as many as 800 filming days a year, and is becoming one of the most in-demand content and entertainment production clusters in the nation.

JLL Managing Director Matt Stewart led the capital markets advisory team with Associate Ace Sudah and Analyst Jacob Michael.

Stewart noted the deal required navigating through the resolution of the recent writer and actor strikes as well as an unpredictable interest rate environment.