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Wednesday, Jun 7, 2023

Genesis Capital Doubles Footprint With Sherman Oaks Lease

Genesis Capital LLC has inked a lease to double its current office space, according to Lee & Associates-LA North/Ventura Principal Darren Casamassima, who represented Genesis in the transaction. Genesis, a private mortgage lender to developers who buy, renovate and sell single-family homes, has signed a seven-year term for a full floor at 15303 Ventura Blvd. Financial terms of the 20.575-square-foot lease were not disclosed. Genesis will relocate to the new offices at the Sherman Oaks Galleria from its present headquarters near the Warner Center in Woodland Hills. “We conducted a wide search to identify a space that provided Genesis with first-rate security and privacy along with terms that will allow the company to create a modern, creative work environment, and this space checked all the boxes,” Casamassima said in a statement. Founded in 2007, Genesis made $1 billion in loans in 2017 — up dramatically from $50 million in 2013. Until Genesis’ recent acquisition by Goldman Sachs, L.A. private equity firm Oaktree Capital Management LP had backed Genesis.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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