Cisterra Development, Koman Group, And Wermers Companies Secure $96M Loan For Mixed-use Property On 9th Avenue, San Diego | 659 9th Avenue | Acore Capital | Mark McGovern | Mixed-use | Loan

Summary

Loan

CALIFORNIA

Mixed-use

255,000 sqft

A loan of $96,000,000 was secured for the mixed-use property located at 659 9th Avenue in San Diego. The property spans 255,000 square feet and is owned by Cisterra Development, Koman Group, and Wermers Companies. ACORE Capital provided the loan, with Kyle Jeffers representing the lender.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $96,000,000
Address: 659 9th Avenue, San Diego
Market: San Diego
Lender: ACORE Capital - Kyle Jeffers
Landlord: Cisterra Development - Steven L. Black, Koman Group - Bill Koman & Wermers Companies
SF: 255,000

Mark McGovern of CBRE served as the broker in this transaction.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Mark McGovern

Senior Vice President

CBRE

Acore Capital

Details

Deal Summary

FINANCED

IMAGE: Mark McGovern, Kyle Jeffers, Steven L. Black & Bill Koman DATE: 05/10/2021 ADDRESS: 659 9th Avenue MARKET: San Diego ASSET TYPE: Mixed-use LENDER: ACORE Capital - Kyle Jeffers LANDLORD: Cisterra Development - Steven L. Black, Koman Group - Bill Koman & Wermers Companies BROKER: Mark McGovern - CBRE LOAN AMOUNT: $96,000,000 SF: 255,000

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Address659 9th Avenue

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