Christian Faes And Kian Nader Of F2 Finance Provide $3.33M Bridge Loan For Mixed-use Asset In San Diego
$3,330,000
$208/SF
Building Size
16,000 SF
Asset Type
Mixed-use
Closing
May 22, 2025
AI
A mixed-use asset located in the heart of San Diego's historic Gaslight Quarter spans 16,000 square feet. The transaction involved a bridging loan designed to facilitate financing for the property.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,330,000
- Lender: Christian Faes & Kian Nader
- Lender Agency: F2 Finance
- Loan Type: Bridge
- Loan Terms: 6 months
- Date of Transaction: 5/22/2025
Christian Faes and Kian Nader of F2 Finance provided a bridging loan, completing the transaction within a week of the appraisal. Their expertise facilitated this financial arrangement to support the borrower in this market transaction.
Players
Market 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
4.76%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93