JH Snyder lands $172M loan on new luxury rental tower

KKR provided debt on newly opened, 285-unit One Museum Square

Los Angeles /
May.May 17, 2021 09:34 AM
J.H. Snyder partner Lon Snyder with One Museum Square. (J. H. Snyder, One Museum Square)
J.H. Snyder partner Lon Snyder with One Museum Square. (J. H. Snyder, One Museum Square)

J.H. Snyder Company has landed a $171.6 million refinance on its luxury One Museum Square apartment tower in Mid-Wilshire, which opened to residents last week.

KR provided the 10-year, fixed-rate loan, according to Commercial Observer. It replaces a $117 million construction loan from Pacific Western Bank, previously known as CapitalSource.

The 285-unit development opened to residents last week at 640 S. Curson Avenue, after having been in the works for several years. MVE + Partners designed the building. J.H. Snyder built it next door to the company’s SAG-AFTRA complex on the Miracle Mile.

The 21-story building has floor-to-ceiling windows, and has balconies. Amenities include a gym, rooftop pool and lounge area.

One Museum Square is the first project the firm has completed since founder Jerry Snyder died last May. In December, J.H. Snyder sold its Hollywood 959 office complex to Lincoln Property Company and Geyser Holdings for $186 million.

[CO] — Dennis Lynch 


Related Articles

arrow_forward_ios
Darrin Olson of Realm and Northgate Gonzalez CEO Miguel Gonzalez Reynoso with renderings of Magnolia Flats (RealmRE.com, Northgate Market, iStock)
Northgate Gonzalez fights ‘workforce housing’ project
Northgate Gonzalez fights ‘workforce housing’ project
Shaheen Sadeghi with  RTHM Long Beach (Shaheen Sadeghi, Brandywine Homes)
Retail visionary Shaheen Sadeghi sees resi in his future
Retail visionary Shaheen Sadeghi sees resi in his future
No asking price, numerous offers as Rancho Palos Verdes campus hits market
No asking price, numerous offers as Rancho Palos Verdes campus hits market
No asking price, numerous offers as Rancho Palos Verdes campus hits market
Rendering of 2641 West Olympic Boulevard (CORbel Architects)
K-town developer envisions new hotel on Olympic
K-town developer envisions new hotel on Olympic
Developer Ilan Kenig and a rendering of 702 North Crescent (Nest Seekers Int'l, FMB Development, iStock)
Spec developer eyes $35M manse in place of Beverly Hills teardown
Spec developer eyes $35M manse in place of Beverly Hills teardown
LVMH CEO Bernard Arnault along with a rendering of Cheval Blanc (LVMH, City of Beverly Hills Planning Division)
LVMH gets go ahead for hotel on Rodeo Drive
LVMH gets go ahead for hotel on Rodeo Drive
Rendering of 314/324 West 45th St, Los Angeles (PQNK, iStock)
Developer plans all-affordable complex in South LA
Developer plans all-affordable complex in South LA
Macerich's Thomas O’Hern, Carson Mayor Lula Davis-Holmes and Simon's David Simon with rendering of Los Angeles Premium Outlets (City of Carson, Macerich)
Simon Property, Macerich to restart work on 400K sf outlet in Carson
Simon Property, Macerich to restart work on 400K sf outlet in Carson
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...