The 801 Pearl Street property in La Jolla is a mixed-use asset featuring modern studios, 1-bedroom, and 2-bedroom units, as well as street-level commercial space. Gantry facilitated a $14.4 million construction loan to retire construction financing for this class A apartments complex.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $14,400,000
• Address: 801 Pearl Street
• Market: La Jolla
• Loan Type: Construction Loan
• Loan Terms: Interest-only
• Brokers: Doug Tisdale & George Mitsanas - Gantry

The borrower, a private real estate investor, secured financing through a life company lender for the 801 Pearl apartments. Gantry's George Mitsanas and Doug Tisdale represented the borrower in this transaction, reflecting the property's strong fundamentals and strategic positioning within the vibrant coastal community of La Jolla Village.