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9/15/25
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2525 El Camino Real, Carlsbad, CA |
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ARCHWAY CAPITAL LLC – Archway Capital has provided a $42.9 mil loan to Steerpoint Capital for the acquisition of a major portion of The Shoppes at Carlsbad. Located at 2525 El Camino Real in Carlsbad, the coastal, 98-acre retail property totals 1.1 msf of space. The portion that was acquired totals 727k sf and is currently 74% occupied with a tenant mix including Yard House, The Cheesecake Factory, Hollister, American Eagle Outfitters, Dave & Busters, 24 Hour Fitness, and Regal, among others. Anchor tenants at the center that were not a part of the sale include Macy’s (North and South) and JCPenney. The Shoppes at Carlsbad was renovated in 2017 and is in an affluent, densely populated, highly visible area at the junction of I-5 and Hwy 78. The property provides a customer-friendly/family-oriented atmosphere that offers a diversity of retail, dining and entertainment offerings. The borrower allocated and capitalized $4 million for improvements to the property including upgrading the entrances, enhancing common area seating, adding digital signage, and bathroom renovations. Archway’s Jessica Carter facilitated the loan.
3380 S Power Rd, Gilbert, AZ |
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GANTRY -- Patrick Barkley, Chad Metzger and Andrew Christopherson with Gantry arranged a $25.5 mil permanent loan to provide funds for the acquisition of Power Commerce Center located at 3380 S Power Rd in Gilbert, an East Valley suburb of Phoenix. The 14.2-acre, master-planned industrial park was delivered in 2023 and features 11 buildings offering 20 units for a total of 146k sf of space. The property includes fenced outdoor yard spaces for each building. The fixed-rate loan was provided by a life company lender on behalf of a private investor and has a 30-year amortization. Gantry will service the loan.
Embassy Suites by Hilton, La Quinta, CA |
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SLATT CAPITAL -- Scott E. Monasch with Slatt Capital arranged $23 mil in refinancing for the Embassy Suites by Hilton, a 146-key hospitality property located in La Quinta. The hotel, situated in the Coachella Valley beneath the Santa Rosa Mountains, is a popular destination for both business and leisure travelers. This refinance allows the ownership to optimize their capital structure and further enhance the value of the property. The new loan features cash-out to the borrower, no deposit requirement, no reserves and a flexible step-down prepayment.
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