LOS ANGELES-Douglas Emmett, Inc. has agreed to a seven-year, fixed-rate financing loan for Warner Center--a mixed-use property situated in Woodland Hills, CA. The Northwestern Mutual Life Insurance Company is providing half of this loan, according to a company release, and the remainder will come from Prudential Mortgage Capital Co.
Warner Center is described as “high profile” by Andrei Gog, a junior associate with Prudential Mortgage Capital Company, in the same release. The space includes offices, a restaurant and a gym, spread across 21,1 acres. It is also the largest office property complex in the San Fernando valley.
To further gain a sense of the property, Joe Mancinelli, who led the team for Northwestern Mutual Real Estate Investments, LLC, expressed that it also has a “diverse tenant roster,” according to the release.
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