LFB successfully arranged $3,380,000 for the refinance of a 23,408 square foot office building in Kearny Mesa, a community in central San Diego. At time of refinance, the building was 49% occupied. The bridge loan offers a 2 year term at 65% LTV. The building carries a CUP for on-site cannabis sales and currently houses a dispensary on the ground floor. The total building is made up of 33 suites and recently went through a cosmetic value-add remodel. The sponsor is an owner user who will be occupying some of the office space, along with running the day-to-day
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San Diego (HQ)
511 Encinitas Blvd., Suite 100
Encinitas, CA 92024
Los Angeles
1730 E. Holly Ave.
El Segundo, CA 90245
New York
1350 Ave of the Americas, FI 2
New York, NY 10019
San Diego (HQ)
511 Encinitas Blvd., Suite 100
Encinitas, CA 92024
Los Angeles
1730 E. Holly Ave.
El Segundo, CA 90245
New York
1350 Ave of the Americas, FI 2
New York, NY 10019