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

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.