Baseline Partners Provides $3.7 Million Bridge Loan For Development Site In San Diego

The asset involved in this transaction is a development site located at 4120-4124 Ohio Street and 4127-4131 30th Street in the San Diego market. The site features a building square footage of 14,000 and a buildable square footage of 86,000. The loan amount secured for this development site is $3,700,000, classified as a bridge land loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,700,000
• Lender: Baseline Partners
• Brokers: Frankie Paparella & Alex Walsh - Convoy Capital
• Date: 02/11/2025

Frankie Paparella and Alex Walsh from Convoy Capital represented the deal, facilitating the financing arrangements for the development site. Their expertise in the San Diego market contributes to the effective navigation of such transactions.