Hudson Pacific extends USD 1.1 billion CMBS loan on Hollywood Media Portfolio to 2027
HPP•Derivative hedging arrangement
Hudson Pacific entered a derivative to swap SOFR at 3.5% through maturity.
Loan extension and maturity date
Hudson Pacific extended a USD 1.1 billion CMBS loan on its Hollywood Media Portfolio, pushing maturity to Nov. 9, 2027.
The stated interest rate remains unchanged. No principal paydown is required at closing.
Reserve funding and cash flow terms
The joint venture will fund a USD 20 million leasing reserve. Excess cash flow will be swept into the reserve.
