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Real estate developer founded by Steve Witkoff in default on a $400 million loan
Pimco, Witkoff Firm Default on $400 Million LA Apartment ComplexPacific Investment Management Co. and Witkoff Group, the real estate developer founded by US special envoy Steve Witkoff, are in default on a $400 million-plus loan tied to a luxury apartment complex in Santa Monica, California, according to a notice filed with Los Angeles County.
The loan is linked to The Park Santa Monica, a 249-unit development at 500 Broadway in the heart of the beach city’s downtown, according to a website for the property.
The loan is linked to The Park Santa Monica, a 249-unit development at 500 Broadway in the heart of the beach city’s downtown, according to a website for the property.
https://www.bloomberg.com/news/articles/2025-12-19/pimco-witkoff-firm-default-on-400-million-la-apartment-complex
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