Douglas Emmett completes $355 million secured term loan due in 2018

By Sara Rosenberg

New York, July 8 - Douglas Emmett Inc. closed on a $355 million secured non-recourse term loan due Aug. 5, 2018, according to a news release.

Pricing on the term loan is a fixed rate of 4.14% per annum.

Proceeds were used to refinance existing debt.

Douglas Emmett is a Santa Monica, Calif.-based real estate investment trust that owns and operates office and multifamily properties.

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