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California  + Bay Area  + Hospitality  | 
Boardwalk Secures $245 Refinancing for California Portfolio

Boardwalk Secures $245M Refinancing for California Portfolio

JLL Capital Markets has closed $245 million portfolio financing on behalf of Boardwalk Investments Group for six properties in California: an iconic Napa Valley hotel, three SoCal Class A retail centers, a Class A multifamily community in San Diego’s Little Italy and a single-tenant showroom and restaurant space in Yountville.

“We were able to rate lock attractive, fixed-rate financing earlier this year, and we were pleased with the competitiveness of the real estate debt markets and smooth execution by our lending partners despite the volatile rate environment,” said Boardwalk SVP Debi Kroger.

The properties include The Estate hospitality and retail complex and Restoration Hardware in Yountville, Aliso Creek Shopping Center and The Landing in Orange County, Flower Hill Promenade (pictured) in Del Mar and the 1810 State Street apartment complex in San Diego.

“The deep lender pool in dislocated market conditions highlighted the irreplaceability of Boardwalk’s portfolio. We’re excited to see Boardwalk continue to deepen its presence in California’s most coveted submarkets,” said the JLL team of John Chun, John Marshall, Jordan Leake and Spencer Seibring who secured permanent financing from four lenders.

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Inside The Story

Boardwalk Investments GroupDebi KrogerJLL Capital Markets' John Chun

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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