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Barings And Bank OZK Provide $56.5M Loan For Mixed-Use Property In Solana, San Diego

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FINANCED
$56,500,000
Zachary (Zack) Streit
Malcolm Davies

California

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Mixed-use50,000 SF
Financed 04/13/2021
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FINANCED

Barings And Bank OZK Provide $56.5M Loan For Mixed-Use Property In Solana, San Diego

Dahlia Drive, Solana Beach, CA, USA

See Similar Deals
Mixed-use50,000 SF
Financed 04/13/2021
Zachary (Zack) Streit
Malcolm Davies
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$1,130
Total Square Footage:50,000 SF
Transaction Type:Loan

A loan of $56,500,000 was secured for a mixed-use property located at the corner of Dahlia Drive and 101 Solana Beach in Solana, San Diego. The transaction took place on April 13, 2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Loan Amount: $56,500,000
  • Address: Corner of Dahlia Drive & 101 Solana Beach
  • Market: Solana, San Diego

The lenders involved in the deal were barings-4626a10b-91b9-4404-b096-d78fc90a0c26''>Barings represented by Ryan Young and Bank OZK represented by Aram Zakian. The brokers, Malcolm Davies and Zack Streit, facilitated the transaction.

Players

Zachary (Zack) Streit
Priority Capital Advisory
Zachary Streit
29 deals$957.8M volume
BROKER
Malcolm Davies
WAY Capital
Malcolm Davies
25 deals$1.8B volume
BROKER
Bank OZK
Bank OZK
LENDER
Barings
Barings
LENDER

Details

FINANCED
IMAGE: Malcolm Davies, Zack Streit, Brad Termini, Ryan Young, Austin Richter, & Aram Zakian DATE: 04/13/2021 ADDRESS: Corner of Dahlia Drive & 101 Solana Beach MARKET: Solana, San Diego ASSET TYPE: Mixed-use LENDER: Barings @Barings_Global - Ryan Young & Bank OZK @BankOZK - Aram Zakian BROKERS: Malcolm Davies @MalcolmDavies82 & Zack Streit @ZackDStreit LOAN AMOUNT: $56,500,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$56,500,000.00

Monthly NOI$376,666.67
Monthly Debt Service$357,118.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00