FINANCED
CBRE Secures $78.5M Loan For Ion Clairemont Development In San Diego
8333 Clairemont Mesa Boulevard
Development Site
Financed 13 days ago
Summary
Loan
CALIFORNIA
Development Site
The development site located at 8333 Clairemont Mesa Boulevard in San Diego was the subject of a $78.5 million construction loan secured by CBRE's Debt and Structured Finance team. The loan was provided for the development of Ion Clairemont, a 251-unit multifamily community in San Diego's Kearny Mesa submarket.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $78,500,000
- Landlord: Augusto Abraham Arriaga - AAA Management
- Brokers: Morgon Fraser, Scott Peterson & William Chiles - CBRE
- Loan Type: Construction Loan
- Loan Terms: Three-year
CBRE's Debt and Structured Finance team in San Diego, led by Bill Chiles, Scott Peterson, and Morgon Fraser, successfully arranged the construction financing for the Ion Clairemont project. This marks the team's second successful financing for AAA Management within six months, following their previous funding for the construction of Ion Aero in the same area.
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Details
FINANCED
IMAGE: 05/06/2024
ADDRESS: 8333 Clairemont Mesa Boulevard
MARKET: San Diego
ASSET TYPE: Development Site
LANDLORD: Augusto Abraham Arriaga - AAA Management
BROKERS: Morgon Fraser, Scott Peterson & William Chiles - CBRE
LOAN AMOUNT: $78,500,000
LOAN TYPE: Construction Loan
LOAN TERMS: three-year
NOTE: CBRE's Debt and Structured Finance team in San Diego, led by Bill Chiles, Scott Peterson, and Morgon Fraser, secured $78.5 million in construction financing for the development of Ion Clairemont, a 251-unit multifamily community in San Diego’s Kearny Mesa submarket. This financing marks their second successful arrangement for AAA Management within six months, following the funding obtained last October for the construction of Ion Aero, a 302-unit project also located in Kearny Mesa.View on map
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Address8333 Clairemont Mesa Boulevard
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