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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.”
- ◦Financing


