Major equity investor ($6m) for heavily discounted deal with well known broadcaster

[Magnus Wikström]

Let's see if there are any heavier fishes in this pond,

I just had a contact I've worked with on a couple of deals call me up and see if I had any major equity investors interested in a very intriguing deal.

It's a top executive of a well known broadcaster who's buying out the real estate asset that also includes the broadcasting infrastructure worth an additional $35m, apart from the $45m (high valuation) real estate, for $16m. Only possible because the buyer includes the top executive of the broadcaster.

Total: 174.000 sqft

Currently under LOI: 70.000 sqft at $1.6m gross rent / month

Exit strategy: either sale or refinance when more space leased out in 1-2 years, although the investor is free to remain with the equity, and there's also possibility for equity in the newly to be formed broadcaster company.

Seeking: $6m equity for 20% share in real estate asset, also holding the infrastructure assets

Real estate in top condition with no value add to be done.

Is there an interest from here?

They expect the deal to close in approx. 2 weeks.

Note: My background is in institutionalised brokerage of similar debt and equity (private market), primarily real estate development finance placement. I have a few others I'll reach out to next week as well.

Thanks