Newmark arranged a $165-million loan on behalf of Hackman Capital Partners, Affinius Capital and Raleigh Enterprises to refinance Raleigh Studios, a 314,940-square-foot production campus located in Hollywood. Originally built in 1915 and reportedly the oldest continuously operating film and television production facility in the U.S., the campus is fully leased to Netflix.
Co-president of Global Debt & Structured Finance Jonathan Firestone, in cooperation with vice chairman Blake Thompson and director Peter Mavredakis, secured the financing, with Wells Fargo as lead lender and Barclays as co-lender. Co-president of Global Debt & Structured Finance Jordan Roeschlaub also supported the transaction.
“Raleigh Studios is more than a real estate asset, it is a pillar of entertainment history and a critical engine for storytelling in Hollywood,” said Firestone. “We are honored to support Hackman Capital Partners, Affinius Capital and Raleigh Enterprises in advancing the future of this legendary facility.”
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