Lenders just closed a refinancing deal for one of Hollywood’s oldest continually running film studios. Wells Fargo Bank and Barclays provided Hackman Capital Partners and Affinius Capital a three-year, $165 million financing package for Raleigh Studios, a 314,940-square-foot film studio on Melrose Avenue, Commercial Observer reported. The debt amounts to $524 per square foot. Netflix leases most of the property as a global hub for some of its biggest-budget deals, including projects with production companies owned by Barack and Michelle Obama, Prince Harry and Meghan Markle, and Shonda Rhimes. The financing will be used to repay $135 million of existing […]
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