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
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