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CBRE Secures $43M in Acquisition Financing for Little Italy MF
An affiliate of San Diego-based property management firm R&V Management, AV8 Investors LLC, acquired AV8, a 129-unit multifamily property in San Diego’s Little Italy neighborhood. CBRE’s Capital Markets’ Debt & Structured Finance team arranged a $43-million loan for the purchase.
Located at 2175 Kettner, AV8 was originally constructed in 2018 and was roughly 96% occupied. Community amenities include rooftop cabanas, an indoor/outdoor clubroom with televisions, a pool table and a 24-hour fitness center. The six- story building features nearly 7,800 square feet of ground floor retail space.
CBRE’s Bill Chiles, Scott Peterson and Brian Cruz arranged the 10-year loan with a major life insurance company on behalf of the buyer. The seller was undisclosed.
“This is one of the premier luxury multifamily communities in San Diego, located in one of the city’s most vibrant neighborhoods in Little Italy,” said Peterson.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition




