HFF ARRANGES $9.75 MILLION REFINANCE OF 4-PROPERTY MIXED-USE PORTFOLIO

by admin

SAN DIEGO — Holliday Fenoglio Fowler LP has arranged the $9.75 million refinancing for four mixed-use properties situated along 4th and 5th Avenue in San Diego’s historic Gaslamp Quarter. The 48,065-square-foot portfolio features retail, residential-loft, office and specialty-use space. HFF’s Patrick Burger and Tim Wright represented the borrower, Burni Enterprises, and its asset manager, Cardinal Group Investments LLC, in securing the 3-year, adjustable-rate, non-recourse loan through a major New York-based debt fund. Loan proceeds are retiring existing debt and funding the conversion of two assets to retail and residential-loft uses.

You may also like