Affinius Provides $148M Refi on San Diego Highrise
Affinius Capital LLC closed on a $148.5-million loan to refinance 800 Broadway, a Class A, highrise multifamily property in San Diego featuring 389 units and 4,830 square feet of commercial space. The loan was made to an affiliate of Diamond Realty Investments, Inc. and was arranged by a Northmarq team led by James Currell.
“800 Broadway represents an exciting and newly built multifamily development in Downtown San Diego offering exceptional views and walkability to nearby commercial and retail amenities,” said Affinius managing director Tom Burns. “This is Affinius Capital’s first transaction with Diamond Realty Investments and we look forward to expanding the relationship further.”
The 40-story 800 Broadway’s 389 units are comprised of 356 market rate and 33 affordable units, from studios and one- to two-bedroom apartments to three bedroom penthouses. The LEED Gold Certified building features resort-style amenities and offers access to public transit, Interstate 5 and San Diego International Airport.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout