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Developers Land Construction Financing for San Diego Mixed-Use

May 24, 2019

A joint venture between Murfey Company and Bishop Ventures have secured a $20.5 million loan for the development of the Californian, a luxury residential and retail mixed-use project in San Diego. The funds will refinance an existing construction loan.

The Californian is a 18-unit, the three-story apartment complex totaling 68,141 square feet with 3,137 square feet of ground-floor retail and 108 parking spaces. It features common area amenities, like a rec room, courtyard with swimming pool, jacuzzi, barbeques and lounge areas throughout the property.

An HFF debt placement team represented the borrower. Managing director Bryan Clark, senior managing director Aldon Cole and associate Bharat Madan led the placement team.

This article originally appeared on GlobeSt.com

Filed Under: Uncategorized

MURFEY COMPANY

2050 Hancock Street, Suite B, San Diego, CA 92110

phone 858.459.6865

info@murfeycompany.com

CA License #908990

DRE License #:01926108

 

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