BA Debt Fund Provides $5.35 Million Acquisition Loan For Medical Condo In San Diego

The asset involved in this transaction is a vacant medical condo building located at 2095 West Vista Way in the San Diego market. This office space comprises 18 units and totals 22,000 square feet. The loan amount for the acquisition is $5,350,000, with a loan type categorized as acquisition and terms set for 24 months.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,350,000
• Units: 18
• Square Footage: 22,000
• Lender: BA Debt Fund
• Loan Terms: 24 Months
• Broker: Andy Bratt - Gantry
• Lender's Representatives: Mark Omid Bolour & Clay Goldthwait - BOLOUR

BOLOUR provided financing for the acquisition, renovation, subdivision, and sale of this vacant medical condo building, supporting the sponsor in executing their business plan. BOLOUR is an asset-based bridge lender specializing in urban infill primary and secondary markets, offering loans up to 80% loan-to-value, with terms up to three years, and interest rates starting at 8.00%. For further assistance, Clay Goldthwait can be contacted directly.