JLL Capital Markets Arranges $165M Refinance Loan For Mixed-Use Property In San Diego
FINANCED
$165,000,000
California
See Similar DealsMixed-use252,000 SF
Financed 08/01/2022
FINANCED
JLL Capital Markets Arranges $165M Refinance Loan For Mixed-Use Property In San Diego
5510 Morehouse Drive, San Diego, California 92121, United States
See Similar DealsMixed-use252,000 SF
Financed 08/01/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$654
Total Square Footage:252,000 SF
Transaction Type:Loan
Phase 3 Real Estate Partners and Bain Capital Real Estate have refinanced a mixed-use property portfolio in San Diego. The portfolio, consisting of 5510, 5550, 5580, and 5590 Morehouse Drive, spans a total area of 252,000 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $165,000,000
- Market: San Diego
- Landlord: Phase 3 Real Estate Partners & Bain Capital Real Estate
- Brokers: Tim Wright, Todd Sugimoto & Daniel Pinkus - JLL Capital Markets
The loan amount for this refinancing deal is $165,000,000. The transaction was facilitated by Tim Wright, Todd Sugimoto, and Daniel Pinkus of JLL Capital Markets.
Players
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$165,000,000.00
Monthly NOI$1,100,000.00
Monthly Debt Service$1,042,912.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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