# Lenders Set Radford Studio Center Foreclosure Auction

> Goldman Sachs leads lenders in Nov. 24 foreclosure auction of Radford Studio Center after Netflix failed to buy the property.
- Title: Lenders Set Radford Studio Center Foreclosure Auction
- Summary: Goldman Sachs leads lenders in Nov. 24 foreclosure auction of Radford Studio Center after Netflix failed to buy the property.
- Keywords: radford studio center, goldman sachs, hackman capital partners, netflix, foreclosure auction, securitized debt, studio city, los angeles, Los Angeles Business Journal
- Source: Los Angeles Business Journal — https://labusinessjournal.com/featured/scoop-lenders-set-foreclosure-auction-for-radford-studio-center
- Author: staff-author
- Published: 2026-11-09T19:19:47+00:00
- Read time: 1 min
- Topics: radford studio center, goldman sachs, hackman capital partners, netflix, foreclosure auction, securitized debt, studio city, los angeles, business, local
## Lenders Schedule Foreclosure Auction
Lenders led by Goldman Sachs scheduled a Nov. 24 foreclosure auction of Radford Studio Center, the 55-acre Studio City lot.
## Radford Studio Center Details
Culver City-based Hackman Capital Partners bought the lot for about $1.85 billion in 2021, with lenders seeking $1.3 billion.
## Auction Date and Location
First American Title Insurance Co. will auction the property at 11 a.m. in Pomona's Civic Center Plaza courtyard, but the date could be postponed.
## Netflix Deal Abandoned
Netflix had previously agreed to buy Radford for close to $400 million but abandoned the deal to avoid foreclosure.
## Hackman's Financial Strain
Radford's net operating income dropped to $15.6 million in 2025, covering just 19% of debt payments after a $1.1 billion loan.
## Lenders Claim Default
Goldman recorded a notice of default on Jan. 8, claiming $1.2 billion in unpaid debt after Hackman failed to repay the loan.
## Consequence for Investors
Holders of the securitized portion of the debt could lose about $253 million if Radford sells for $400 million.
## Key takeaway

Lenders set foreclosure auction for Radford Studio Center to recover $1.3 billion debt after Netflix abandoned a $400 million deal.