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California  + San Diego  | 

CBRE Lines Up $99M Financing on San Diego Mid-Rise

CBRE secured $99.4 million in construction financing and preferred equity for developing Ion Aero, a 302-unit mid-rise multifamily community located at 8555 Aero Dr. in the Kearny Mesa submarket of San Diego.

Bill Chiles, Scott Peterson and Morgon Fraser with CBRE Capital Markets’ Debt and Structured Finance team in San Diego secured the three-year term, 75% loan-to-cost construction loan for the San Diego-based real estate development firm AAA Management. 

“Any new construction project is challenging to finance in the current economic environment,” said Peterson. “We worked hard with AAA Management to provide the best possible  debt and equity package to bring this project to fruition.”

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CBRE's Peterson

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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