H
ankey Capital is moving forward with plans to auction off a Spanish Revival mansion in Brentwood after the owner allegedly defaulted on a $16.2 million debt. The property at 306 North Cliffwood Avenue spans two lots with frontage on Cliffwood Avenue and features a two-story mansion built in 1929. Logan Beitler, president of commercial brokerage firm Beitler Commercial Realty Services, is listed as the owner.

    Beitler allegedly fell behind on payments after Hankey provided a $13 million mortgage for the home in April 2020. While negotiations are underway to cure the default, sources indicate that Hankey will proceed with foreclosure if talks fail. The property, described as "well-collateralized," is expected to attract multiple bidders.

    This development comes amidst a growing list of distressed luxury properties in Los Angeles. In August, Hankey Capital filed a default notice on Stella Nova, a Bel-Air mansion with approved plans for a 40,000-square-foot estate. Wells Fargo also filed a default notice on an abandoned Hollywood Hills mansion owned by John Powers Middleton, although the nature and amount of the default are unclear.

    Beitler did not respond to a request for comment. Her company, Beitler Commercial Realty Services, operates four offices in Brentwood, Encino, Irvine, and San Rafael.