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11/20/19
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Boardwalk Investments Group has landed $110 mil in acquisition financing for a 12-property portfolio of primarily Class A-anchored and high street retail property in Newport Beach, Laguna Beach, Yountville and Corona Del Mar, CA.
The three-year, floating-rate loan with two one-year extension options was arranged by John Chun, John Marshall, Sam Godfrey and Jake Fideler with JLL. It was funded through H.I.G. Realty Partners, led by in-house exec Michael Mestel.
Key assets within the portfolio include a CVS-anchored shopping center located at 30814-30936 Pacific Coast Hwy in Laguna Beach; a Pavilions-anchored shopping center located at 3100-3152 Newport Blvd on the Balboa Peninsula in Newport Beach; a high-street retail shopping center located at 2902 West Coast Hwy in Newport Beach; a fine dining retail asset located at 6725 Washington St in Yountville (Napa); and multiple coastal assets in Newport Beach.
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