Barings Provides $78M Refinance Loan For The Townsend Hotel, San Diego | 5075 Camino De La Siesta | Barings | Hotel | Loan

Summary

Loan

CALIFORNIA

Hotel

The Townsend is a LEED Gold multifamily project located at 5075 Camino De La Siesta in San Diego. Developed by The Dinerstein Companies, the property consists of 277 upscale apartment homes.

Summary of transation details:

Property Type: Hotel
Transaction Amount: $78,000,000
Market: San Diego
Lender: Jack Cheng - Barings
Landlord: Brian Dinerstein - The Dinerstein Companies

Barings provided a $78 million loan to refinance The Townsend. The property's prime location near major employers and retail options makes it an attractive choice for residents. The loan aligns with Barings' core+ real estate strategy, emphasizing the trust in the experienced sponsorship behind The Dinerstein Companies.

Players

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1

Lenders
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Barings

Details

Deal Summary

FINANCED

IMAGE: 04/02/2024 ADDRESS: 5075 Camino De La Siesta - The Townsend MARKET: San Diego ASSET TYPE: Hotel ~ UNITS: 277 LENDER: Jack Cheng - Barings LANDLORD: Brian Dinerstein - The Dinerstein Companies LOAN AMOUNT: $78,000,000 LOAN TYPE: Refinance NOTE: Barings provides a $78 million loan to refinance The Townsend, a LEED Gold multifamily project in San Diego's Mission Valley, developed by The Dinerstein Companies. The property, with 277 upscale apartment homes, aligns with Barings' core+ real estate strategy, backed by experienced sponsorship and positioned near major employers and retail options.

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Address5075 Camino De La Siesta

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