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Archway Capital Provides $42.9 Million Bridge Loan For The Shoppes At Carlsbad Acquisition

Property Image
FINANCED
$42,900,000

California

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Retail1,150,000 SF
Financed 08/21/2025
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Property Image
FINANCED

Archway Capital Provides $42.9 Million Bridge Loan For The Shoppes At Carlsbad Acquisition

2525 El Camino Real

See Similar Deals
Retail1,150,000 SF
Financed 08/21/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$37
Total Square Footage:1,150,000 SF
Transaction Type:Loan

The asset involved in this transaction is a retail property located at 2525 El Camino Real in Carlsbad, with a total area of 1,150,000 square feet. The loan amount associated with this acquisition is $42,900,000. The funding type for this transaction is a bridge loan.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $42,900,000
  • Lender: Jessica Carter - Archway Capital
  • Landlord: Bo Okoroji & Jack Steger - Steerpoint Capital
  • Loan Type: Bridge

This transaction includes significant contributions from key individuals. Jessica Carter represents Archway Capital in providing the financing, while Bo Okoroji and Jack Steger represent Steerpoint Capital as the landlords. The financing plan outlines tenant improvements, lease-up strategies, and capital upgrades, showcasing the complexity of the project and Archway Capital’s capabilities in unconventional lending situations.

Players

Archway Capital
Archway Capital
LENDER

Details

FINANCED
IMAGE: Jessica Carter, Bo Okoroji & Jack Steger DATE: 08/21/2025 ADDRESS: 2525 El Camino Real MARKET: Carlsbad ASSET TYPE: Retail ~ SF: 1,150,000 LENDER: Jessica Carter (@Jesstickkle) - Archway Capital (@ArchwayCapital) LANDLORD: Bo Okoroji (@AllKnowingBo) & Jack Steger (@JackSteger) - Steerpoint Capital (@Steerpoint.Capital) LOAN AMOUNT: $42,900,000 LOAN TYPE: Bridge NOTE FROM LENDER: Archway Capital has provided a $42.9 million non-recourse loan for the acquisition of a major portion of The Shoppes at Carlsbad. The Borrower's business plan includes major tenant improvements, lease-up strategies, and significant capital upgrades. The financing of The Shoppes at Carlsbad reinforces Archway Capital’s niche as a private lender that excels in situations where traditional banks cannot. By balancing creativity, decisiveness, and execution, Archway continues to provide sponsors with the confidence to tackle complex and evolving projects. This loan marks Archway Capital’s largest and one of the most complex transactions the firm has executed to date.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$42,900,000.00

Monthly NOI$286,000.00
Monthly Debt Service$271,157.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00