Updated Jul 2, 2026
James Weissenborn Of Stormfield Capital Provides $16 Million Bridge Loan For San Carlos Condo
560 El Camino Real
$16,000,000
$675/SF
Building Size
23,684 SF
Asset Type
Condo
Closing
Jun 24, 2026
About this deal
AI
The property asset involved in this transaction is a condo located at 560 El Camino Real in San Carlos, featuring a total of 20 units and encompassing a square footage of 23,684. The loan associated with this asset amounts to $16,000,000 with a bridge loan type and has terms spanning 2 years, utilizing a note rate of SOFR + 4.85%.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $16,000,000
- Market: San Carlos
- Units: 20
- Square Footage: 23,684
- Lender: James Weissenborn - Stormfield Capital
- Brokers: Yuchen Ai & Max B. Mellman - Max Benjamin Partners, Inc
- Loan Type: Bridge
- Loan Terms: 2 years
- Note Rate: SOFR + 4.85%
The deal featured key individuals including lender James Weissenborn representing Stormfield Capital, and brokers Yuchen Ai and Max B. Mellman representing Max Benjamin Partners, Inc, facilitating the arrangement for the condominium financing.
On the Map
$16,000,000
$675/SF
Condo
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Market Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93