$8,500,000 Refinance Secured for Mixed-Use Property in Beverly Hills, CA
Apr 10, 2026 Bank
Deal Summary
Preferred Bank recorded a $8,500,000 deed of trust on a 14,000 square foot office and retail building at 195 South Beverly Drive in Beverly Hills. The loan was executed April 10, 2026 and recorded June 5, 2026 in Los Angeles County under document 414111 (APN 4328-033-013). County records list the owner as Davids Magic Legacy I Llc.
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Transaction Details
- Closing Date
- Apr 10, 2026
- Loan Amount
- $8,500,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Mixed-Use
- Source
- County record
Property
- Address
- 195 S Beverly Dr
- City, State
- Beverly Hills, CA
- Market
- Los Angeles
Property Facts
- Building Size
- 14,089 sq ft
- Lot Size
- 11,053 sq ft (0.25 ac)
- Year Built
- 1950
- Buildings
- 1
- Zoning
- BHC3*
- Subtype
- Mixed Use: Office/Retail
- Floor Area Ratio
- 1.27
Sale History
Last sold Aug 25, 2021. Prior owner FOUR CORNERS INVESTMENT CO LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Jun 5, 2026 | PREFERRED BK | $8,500,000 | Deed Of Trust | CONVENTIONAL |
| Jan 25, 2024 | PREFERRED BK | $8,500,000 | Modification Of Mortgage | CONVENTIONAL |
| Dec 3, 2021 | PREFERRED BK | $10,000,000 | Deed Of Trust | CONVENTIONAL |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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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.