Greenline Real Estate Acquires MultiFamily Property In San Diego For $23.3M

The multi-family property located at 3843 & 3849 8th Avenue in San Diego, CA has been involved in a recent transaction. The property, owned by Greenline Real Estate represented by Adam Greenberg & Gilad Tamir, was the subject of a loan.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $23,300,000

The loan, in the amount of $23,300,000, was a construction loan with non-recourse terms. This financing will support the development or renovation of the property, allowing for improvements or expansion to take place. While no further details are available, it can be speculated that this transaction represents a significant investment in the property's development and potential.