CONVOY STREET 

LFB successfully arranged $3,380,000 for the refinance of a 23,408 square foot office building in Kearny Mesa, a community in central San Diego. At time of refinance, the building was 49% occupied. The bridge loan offers a 2 year term at 65% LTV. The building carries a CUP for on-site cannabis sales and currently houses a dispensary on the ground floor. The total building is made up of 33 suites and recently went through a cosmetic value-add remodel. The sponsor is an owner user who will be occupying some of the office space, along with running the day-to-day operations of the active dispensary.

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