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The Grad, 88 E. San Carlos St. San Jose

$150M Loan Refinances The Grad Near San Jose State

A CIM Group-managed fund recently closed a $150 million loan to AMCAL Equities and Star America to refinance The Grad, a student housing development one block from San Jose State University in downtown. Located at 88 E. San Carlos St., the 19-story property comprises 260 units (1,039 beds), 14,889 square feet of ground-floor retail and a parking structure with 263 spaces on 1.1 acres.

The fully furnished residences offer studio, two-, three- and four-bedroom floorplans overlooking San Jose State University. The Grad’s amenities include study rooms, computer lab, fitness center, swimming pool with sun deck and bicycle storage.

The property is serviced by numerous public transit systems such as Caltrain, BART and the VTA light rail, and is a few miles from Norman Y. Mineta San Jose International Airport. The financing was arranged by Bryan Gortikov of Gortikov Capital.

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Bryan Gortikov

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Financing
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