CedarSt Lands $80M for San Diego Multifamily Project
CedarSt Companies has secured $80 million in construction financing for a 197-unit apartment development in San Diego’s North Park neighborhood. CrossHarbor Capital Partners provided the three-year, floating-rate stretch-senior loan for the Samuel, an eight-story Class A project…
CedarSt Companies has secured $80 million in construction financing for a 197-unit apartment development in San Diego’s North Park neighborhood. CrossHarbor Capital Partners provided the three-year, floating-rate stretch-senior loan for the Samuel, an eight-story Class A project…
BELLINGS Intelligence Score: 12
Why it matters
This $80 million construction loan for a multifamily project is a routine commercial real estate financing transaction with limited broader market impact or novelty.
Sources
Commercial Observer
CedarSt Lands $80M for San Diego Multifamily Project
CedarSt Companies has secured $80 million in construction financing for a 197-unit apartment development in San Diego’s North Park neighborhood. CrossHarbor Capital Partners provided the three-year, floating-rate stretch-senior loan for the Samuel, an eight-story Class A project…