$4,500,000 Bridge Loan in San Diego, CA
AB Capital provided $4,500,000 in bridge financing secured by a multi-tenant commercial/retail property located in San Diego. The property consists of seven buildings totaling approximately 23,250 sf situated on a 1.68-acre site. The property is comprised of auto sales office/showroom space, general retail, storage warehouses and automotive repair. The subject is 100% occupied by the owner and multiple tenants. The site is zoned Commercial Community 3-8(CC-3-8), and allows for a variety of commercial and residential uses at a much higher density than as currently improved. The sponsor is an experienced real estate investor and has signed a personal guaranty.