Retail condo interest only refi in Downtown San Diego, CA

 

Gaslamp Quarter of San Diego, CA

 

  • $5,000,000
  • 43,000 sf retail condo under large residential towers
  • Gaming (Off track betting) tenant created issues for many lenders
  • Open prepay structure for maximum sponsor flexibility with possible sale or cash-out refi in the near to mid term
  • 4.5% Fixed Interest Rate
  • 5 year term / Interest Only
  • Funding by local bank