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
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San Diego (Headquarters)
511 Encinitas Boulevard, Suite 100
Encinitas, California 92024
Los Angeles
270 Coral Circle, Suite 200
El Segundo, California 90245
Salt Lake City
350 East 400 South, Suite 410
Salt Lake City, Utah 84020
Nashville
214 Overlook Cir., Suite 200
Brentwood, Tennessee 37027
California Headquarters
2292 Faraday Ave., Suite 100
Carlsbad, CA 9200
Utah
1835 Three Kings Dr., Suite 75
Park City, UT 84060
Hawaii
1188 Bishop St., Suite 1812
Honolulu, HI 96813