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11/07/12
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In a large financing deal, Holland Partners has obtained $45 mil in construction/permanent money for 15th and Market, a 243k sf, Class A multi-housing development to-be-built in the East Village submarket of downtown San Diego. The construction loan is followed by a 10-year permanent loan.
Due for completion in 2015, 15th and Market will feature 242 multi-housing units and approximately 10k sf of ground floor retail space. The project is located on a 1.42-acre site in the East Village neighborhood of downtown San Diego.
An HFF team led by senior managing director Tim Wright, managing director Casey Davidson and associate director Zack Holderman placed the loan, which was funded by a life company. The Holland team was led by chief operating officer of Southern California development Thomas Warren and development associate Brent Schertzer. Founded in 2000, The Holland Partner Group is comprised of five operating companies focused on development of new communities, new construction operations, property management, and redevelopment services in conjunction with investment and asset management.
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