Market Chatter: Deutsche Bank Led Nearly $1 Billion in Loans to Troubled Hollywood Studio Landlord

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Market Chatter: Deutsche Bank Led Nearly $1 Billion in Loans to Troubled Hollywood Studio Landlord

MT Newswires Live09-04 19:37

Deutsche Bank (DB) led an effort to provide about $950 million of credit to properties owned by troubled Hollywood studio landlord Hackman Capital Partners, which is now in default, the Financial Times reported Friday, citing court records and people familiar with the matter.

The lender provided or organized loans for Hackman-owned Television City and Manhattan Beach Studios in Los Angeles and Kaufman Astoria Studios in New York, the report said.

All three of the studios are now in default or in foreclosure, the report said.

Deutsche Bank and Hackman did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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