Koman Group Secures Loan From ACORE Capital For Mixed-Use Property In San Diego
659 Ninth Ave, San Diego, CA, 92101
Building Size
—
Asset Type
Mixed-use
Closing
May 10, 2021
AI
The mixed-use property located at 659 Ninth Ave, San Diego, CA, 92101, was the subject of a recent transaction involving a loan deal. The property is situated in the San Diego market and the borrower, Koman Group, secured financing through ACORE Capital.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not Provided
- Address: 659 Ninth Ave, San Diego, CA, 92101
- Market: San Diego
- Borrower's Representative: Mark McGovern (CBRE)
- Lender: ACORE Capital
The borrower's representative in this transaction was Mark McGovern from CBRE. ACORE Capital served as the lender in this deal, facilitating the financial aspects of the transaction.
Players
San Diego Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93