HP Investors Secures $19 Million Recapitalization Loan For Gaslamp Square Retail Property In San Diego

Gaslamp Square is a 54,856-square-foot retail property located at 405 5th Avenue in the San Diego market. The property secured a loan amount of $19,000,000 through recapitalization financing.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $19,000,000
• Loan Type: Recapitalization
• Loan Terms: floating-rate, includes a multi-year interest-only period
• Loan Maturity: 2029
• Landlord: Sumeet Parekh - HP Investors
• Brokers: Scott Peterson, Brian Cruz, Colby Matzke & Bill Chiles - CBRE

HP Investors, represented by Sumeet Parekh, successfully secured financing with the assistance of CBRE brokers Scott Peterson, Bill Chiles, Brian Cruz, and Colby Matzke, who facilitated the arrangement of the floating-rate loan.