Updated Jun 9, 2026
Perry Katz Of Affinius Capital Secures $120 Million Refinance For 302-Unit Multifamily Property In San Diego
8555 Aero Drive
$120,000,000
Units
302
Asset Type
MultiFamily
Closing
Jun 8, 2026
About this deal
AI
Elowen is a 302-unit Class A multifamily property located at 8555 Aero Drive in San Diego’s Kearny Mesa submarket. The property is part of a refinancing deal valued at $120 million. This transaction reflects ongoing lender confidence in well-located San Diego multifamily assets amid tightening new supply.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $120,000,000
- Lender: Perry Katz - Affinius Capital
- Landlord: Augusto Abraham Arriaga - AAA Management
- Broker: Bryan Clark - JLL
- Loan Type: Refinance
- Units: 302
- Market: San Diego, CA
Perry Katz from Affinius Capital provided the refinancing loan, while Augusto Abraham Arriaga represents the ownership through AAA Management. The arrangement for this loan was facilitated by Bryan Clark of JLL, emphasizing their role in navigating the transaction.
On the Map
$120,000,000
MultiFamily
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Players
Market 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93