Updated May 12, 2025
Diamond Realty Investments Secures $148.5M Refinance From Affinius Capital For 800 Broadway Multifamily
800 Broadway
$148,500,000
Units
389
Asset Type
MultiFamily
Closing
Apr 21, 2025
About this deal
AI
800 Broadway is a newly built multifamily asset located in Downtown San Diego, consisting of 389 units. The property was refinanced for a total of $148,500,000, representing a significant financial transaction in the local real estate market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $148,500,000
- Market: San Diego
- Lender: Tom Burns - Affinius Capital
- Landlord: Tada Matsutani - Diamond Realty Investments
- Broker: James Currell - Northmarq
- Loan Type: Refinance
- Units: 389
This refinancing deal was arranged by James Currell, representing Northmarq, marking Affinius Capital's inaugural transaction with Diamond Realty Investments under the management of Tada Matsutani.
On the Map
$148,500,000
MultiFamily
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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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93