8-K: Hudson Pacific extends $1.1 billion Hollywood Media Portfolio loan to 2027

Hudson Pacific Properties and its joint venture partner extended the $1.1 billion CMBS loan secured by the Hollywood Media Portfolio. The maturity moves to November 9, 2027, with the stated interest rate unchanged and no principal paydown required at closing. The joint venture will reallocate partnership funds to a $20 million leasing reserve at closing, and Hudson Pacific entered into a derivative to swap SOFR at 3.50% through maturity. Hudson Pacific owns a 51% interest in the 2.2 million-square-foot portfolio.

Hudson Pacific Properties and its joint venture partner extended the $1.1 billion CMBS loan secured by the Hollywood Media Portfolio. The maturity moves to November 9, 2027, with the stated interest r