$19,312,500 Acquisition Loan Secured for Retail Property in Beverly Hills, CA
Jun 1, 2026 Bank
Deal Summary
First Citizens Bank provided a $19.3 million loan secured by an approximately 30,000 square foot shopping center at 8950 W. Olympic Boulevard in Beverly Hills, according to public records. The loan was recorded the same day as the property's $25.75 million sale, with Eitan Sender signing as member for borrower BH 8950 Olympic Blvd LLC.
The financing equates to 75 percent of the purchase price, meaningful acquisition leverage for retail in the current market and a reflection of the collateral's Beverly Hills location and multi tenant income base.
Neighborhood retail in supply constrained, high income trade areas has quietly become one of the better performing corners of the asset class, and lender appetite has followed the operating fundamentals.
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Market Notes
Retail acquisition leverage at 75 percent of price is available again for the right collateral, a level many buyers stopped even asking for after 2020. Purchasers of well located multi tenant retail should test the top of the leverage market rather than anchoring to the conservative assumptions of the last cycle.
Transaction Details
- Closing Date
- Jun 1, 2026
- Loan Amount
- $19,312,500
- Loan Type
- Bank
- Loan Purpose
- Acquisition
- Capital Type
- Senior Debt
- Leverage
- 75% of purchase price
- Asset Type
- Retail
- Source
- Public records
Property
- Property Name
- 8950 W Olympic Blvd Shopping Center
- Address
- 8950 W Olympic Blvd
- City, State
- Beverly Hills, CA
- Market
- Los Angeles
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.