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
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