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

Property Image
FINANCED
$19,000,000
Colby Matzke
Scott Peterson
Brian Cruz
+ 2

California

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Retail
Financed 02/17/2026
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Property Image
FINANCED

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

405 5th Avenue

See Similar Deals
Retail
Financed 02/17/2026
Colby Matzke
Scott Peterson
Brian Cruz
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

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:

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.

Players

Brian Cruz
CBRE
Brian Cruz
5 deals$225.6M volume(858) 646-4794
BROKER
Scott Peterson
CBRE
Scott Peterson
15 deals$728.2M volume
BROKER
Colby Matzke
CBRE
Colby Matzke
7 deals$328.8M volume
BROKER
BC
CBRE
Bill Chiles
2 deals$22.4M volume
BROKER
SP
Sumeet Parekh
5 deals$80M volume
LANDLORD

Details

FINANCED
IMAGE: Sumeet Parekh, Scott Peterson, Brian Cruz, Colby Matzke & Bill Chiles DATE: 02/17/2026 ADDRESS: 405 5th Avenue MARKET: San Diego ASSET TYPE: Retail LANDLORD: Sumeet Parekh - HP Investors (@HPInvestors) BROKERS: Scott Peterson, Brian Cruz, Colby Matzke (@ColbyMatzke) & Bill Chiles - CBRE (@CBRE) LOAN AMOUNT: $19,000,000 LOAN TYPE: Recapitalization LOAN TERMS: floating-rate, includes a multi-year interest-only NOTE: HP Investors secured $19 million in recapitalization financing for Gaslamp Square, a 54,856-square-foot retail property at 405 5th Ave in San Diego. CBRE’s Scott Peterson, Bill Chiles, Brian Cruz, and Colby Matzke arranged the floating-rate loan, which includes a multi-year interest-only period and matures in 2029.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,000,000.00

Monthly NOI$126,666.67
Monthly Debt Service$120,092.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00