California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
HFF Arranges Financing for San Diego MF
San Diego-based Nakhshab Development & Design, Inc., secured $2.9 million in financing for Mitra, a nine-unit boutique apartment project in San Diego’s East Village. The newly-built, five-story development is at 340 15th St.
Working on behalf of the developer, HFF’s debt placement team of Aldon Cole and Chris Collins placed the 10-year, fixed-rate, non-recourse loan with a commercial bank. Loan proceeds replaced an existing construction loan and provided cash out.
The LEED Platinum property’s units total roughly 9,555 square feet, encompassing a mix of eight loft-style floorplans and one penthouse unit. The open-concept units feature floor-to-ceiling windows, Energy Star appliances, mid-century modern finishes and patios or balconies.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development

Subscribe to Connect Daily California 
