RhodesMoore Acquires Multifamily Property In Clairemont With $28M Construction Loan From Live Oak Bank & Locust Point Capital

Live Oak Bank & Locust Point Capital completes $28,000,000 loan in Clairemont

MultiFamily

73,000 SF

Financed 1 year ago

Summary

Loan

CALIFORNIA

MultiFamily

73,000 sqft

The property involved in this closed transaction is a multifamily asset located in Clairemont. It has a total square footage of 73,000 and sits on a 1.5-acre lot.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $28,000,000
Market: Clairemont
Square Footage: 73,000
Acres: 1.5

The loan for this transaction was provided by Live Oak Bank represented by James S. Mahan III and Locust Point Capital represented by Eric M. Smith. The landlord of the property is RhodesMoore and Frontier Management.

The loan amount for this transaction was $28,000,000 and the loan type was construction.

Details

Deal Summary

FINANCED

IMAGE: James S. Mahan III & Eric M. Smith DATE: 06/14/2022 MARKET: Clairemont ASSET TYPE: Multifamily ~ SF: 73,000 ~ ACRES: 1.5 LENDER: Live Oak Bank (@LiveOakBank) - James S. Mahan III & Locust Point Capital - Eric M. Smith LANDLORD: RhodesMoore & Frontier Management LOAN AMOUNT: $28,000,000 LOAN TYPE: Construction

View on map

AddressLive Oak Bank & Locust Point Capital completes $28,000,000 loan in Clairemont

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.