Natixis Originates $95.0 Million Loan for 433 North Camden Drive, Beverly Hills
Natixis announced today it has provided $95.0 million in floating-rate financing to StarPoint Properties for the acquisition of 433 North Camden Drive, a Class A office building situated in the heart of the Golden Triangle submarket of Beverly Hills, CA.
433 North Camden Drive is a 12-story office building with 207,432 square feet of rentable space. The property’s corner orientation at Santa Monica Boulevard and North Camden Drive bode well for the 21,130 square feet of retail space with frontage on both sides. The property features good window lines and efficient floor plates that offer tenants full views in all directions. In addition, 433 North Camden Drive provides tenants with direct access to a base of amenities within walking distance, including restaurants, hotels, shopping, and entertainment.
StarPoint Properties is a real estate investment and operating company that focuses on the acquisition, development and redevelopment of multifamily and commercial properties. Starpoint Properties also owns 450 North Roxbury Drive, which is a 100,000-square foot Class A office building located two blocks from 433 North Camden.
The transaction was arranged by Matt Case of Madison Partners and was originated by the Los Angeles office of Natixis.