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800 Broadway

Diamond Realty Investments Secures $148.5M Refinance From Affinius Capital For 800 Broadway Multifamily
FINANCEDMultiFamily

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

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.

Players

NorthMarq
NorthMarqBrokerage

Tom Burns

Affinius Capital

Lender

$444.7M

vol

4 deals

Lender
Affinius Capital
Affinius CapitalLender

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