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$34,000,000 | San Diego, CA building

San Diego, CA

Transaction Type



Loan Type

Permanent Loan

Situation & Challenges

  • Borrowing entity was a Delaware Statutory Trust (DST)
  • Property was on a ground lease
  • Construction loan take-out

Solutions & Highlights

  • Property was well located in the Gas Lamp District in downtown San Diego
  • Sponsor was a repeat borrower of A10 and had extensive experience with multi-family assets
  • 10-year, fixed-rate loan term; 30-year amortization with 5-years interest only