Pavillion Shopping Center

San Diego, CA

Loan Amount

$14,750,000

Deal Description

Kay Finance secured the senior loan for this transaction. This was for a repeat client who has a large portfolio of assets in state of California. This deal was unique because several of the larger foot print tenants had expiring leases. We structured a low cost bridge loan so they can clean up the rent roll and secure long term lease and from there after an expected 24 months look tor refinance.

Property Location

San Diego, CA

 Quick Stats 
Partner Type

Bridge Loan / Debt Fund

Program Type

Acquisition

Program details

- 75% LTC - 4.75% Rate (floating) - Non-recourse - 3yr Term W/ 1+1 (extension)