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2504 C Street

Katie Goldenberg & Liam Higgins Of Dwight Mortgage Trust Provide $48 Million Loan For 2504 C Street Multifamily In San Diego
FINANCEDMultiFamily

Katie Goldenberg & Liam Higgins Of Dwight Mortgage Trust Provide $48 Million Loan For 2504 C Street Multifamily In San Diego

2504 C Street

$48,000,000

$509/SF

Building Size

94,285 SF

Asset Type

MultiFamily

Closing

Apr 12, 2025

AI

The property asset is a multifamily unit located at 2504 C Street in the San Diego market. It comprises 114 units within a total square footage of 94,285. The transaction involves a construction loan valued at $48,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $48,000,000
  • Units: 114
  • Square Footage: 94,285
  • Lender: Katie Goldenberg & Liam Higgins - Dwight Mortgage Trust
  • Landlord: CAST Development

Key individuals involved in the transaction include Katie Goldenberg and Liam Higgins representing the lending side, as well as CAST Development acting as the landlord for the property asset. Their collaboration facilitated the structured financing necessary for the construction project.

Players

DT
Dwight Mortgage TrustLender

Katie Goldenberg

Dwight Mortgage Trust

Lender

$353.3M

vol

6 deals

Lender

San Diego MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.33%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93