SAN DIEGO — PCCP has provided a $41 million senior loan to refinance Tenney North Park, a 125-unit apartment building at 2260 El Cajon Blvd. in San Diego’s North Park submarket. The loan was provided on behalf of ownership and developer, Foulger-Pratt, and refinanced an existing construction loan.
Built in 2025, Tenney North Park is an eight-story property featuring 115 market-rate units and 10 affordable units, with studio, one- and two-bedroom floor plans averaging 727 square feet. Additionally, the community features 3,116 square feet of ground-floor retail space and three levels of parking totaling 146 spaces.
Unit interiors feature stainless steel appliances, walk-in showers, full-size washers/dryers, wood-style flooring and floor-to-ceiling glass, with select units offering built-in desk areas and private balconies. Community amenities include multiple clubhouses with coworking spaces, a rooftop lounge and deck, swimming pool, indoor and outdoor fitness areas, social courtyards, a pet spa with dog wash stations and an outdoor entertainment area with a fireplace and barbecues. Additionally, the property features electric vehicle charging stations.