The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 15, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SAN DIEGO NEWS
Printer-friendly Version   Email an Associate
AAA Management Lands $78 Mil in Construction Money for 251-Unit San Diego Res Development

5/07/24

San Diego-based AAA Management has obtained $78.5 mil in construction financing for Ion Clairemont, a 251-unit, mid-rise multifamily development in San Diego’s Kearny Mesa area. The project, located at 8333 Clairemont Mesa Blvd, contains a mix of studio, one-, two- and three-bedroom floorplans, each averaging 806 sf in size.

The property will feature midcentury colors that are sophisticated and rich with pops of color. Some amenities include an outdoor fitness center and yoga studio, a club room with a lounge area, a resort-style pool and spa, a rooftop deck with lounge areas, fire lounges, a dog run and an outdoor entertaining space.

Bill Chiles, Scott Peterson and Morgon Fraser with CBRE Capital Markets' Debt and Structured Finance team in San Diego secured the three-year term, 71% loan-to-cost (LTC) senior construction loan and mezzanine loan for the development.

This is the second time Chiles, Peterson and Fraser have secured financing for this owner in the last six months. Last October, the trio sourced $99.5 mil in construction financing and equity to build the 302-unit Ion Aero, which is also in the Kearny Mesa submarket.





Return to the Archive page
 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media