Updated Jun 29, 2026
Bradford W. Howe Of Broadshore Capital Partners Secures $53.2M Bridge Loan For 137-Unit Multifamily Property
3090 Polk Avenue
$53,200,000
Units
137
Asset Type
MultiFamily
Closing
Jun 26, 2026
About this deal
AI
The asset involved is a newly delivered 137-unit Class A multifamily property located at 3090 Polk Avenue in San Diego, California. The property is situated in a supply-constrained, high-demand multifamily market, making it a significant investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $53,200,000
- Loan Type: Bridge
- Loan Terms: floating-rate
- Landlord: Bradford W. Howe - Broadshore Capital Partners
- Market: San Diego, CA
- Units: 137
Bradford W. Howe of Broadshore Capital Partners provided the financing for the property in partnership with an institutional investor. The loan is intended to support the lease-up and stabilization of the asset following its delivery in 2025.
On the Map
$53,200,000
MultiFamily
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Players
Park 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93