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May 27, 2024
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JPI Locks in $70 Mil Refi on Res Community in San Diego’s Pacific Beach


Here’s news of a notable multifamily financing deal out of San Diego’s Pacific Beach neighborhood. JPI, a Texas-based multifamily investment and development firm, has obtained a $69.75 mil refi loan on Jefferson Pacific Beach, a recently constructed, 172-unit community.

Located at 4275 Mission Bay Dr, Jefferson Pacific Beach is comprised of 169.6k sf of residential space and approximately 14k sf of commercial space. Amenities include a business center, resort-style saltwater pool and spa, fitness center and surfboard repair station. The bayfront community is adjacent to the I-5 Fwy and is less than three miles from the Pacific Beach Pier.

Troy Tegeler, Scott Peterson, Bill Chiles and Trevor Breaux of CBRE’s Debt and Structured Finance team in San Diego arranged the loan. According to Peterson, Jefferson Pacific Beach is the largest multifamily community to be built in the submarket in the last 20 years and was a very significant development for Pacific Beach.

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