$ 91 Million Loan for 7 High-End Northern District Real Estate Properties



Commercial real estate
Civic View office center in San Marcos. Photo courtesy of CBRE.

Funding was secured for seven office space across three campuses in the Northern District.

The lender, Värde Partners, an alternative investor based in Minnesota, provided a $ 91 million floating rate loan for a four-year term.

CBRE arranged funding for the Brookwood North San Diego portfolio on behalf of the Massachusetts-based Brookwood Financial Partners. The deal was handled by the CBRE Capital Markets team, Amy Julian, Christian Lee and José Lobon.

The portfolio is approximately 485,000 square feet and features contemporary architecture, flexible flooring, extensive landscaping and numerous on-site amenities.

Since acquiring the assets in 2015, Brookwood has invested over $ 10 million in property refurbishments, including plots in Carlsbad and San Marcos.


Source link