Commercial real estate finance company Greystone has arranged a $130 million Fannie Mae Delegated Underwriting Services loan to refinance a 472-unit multifamily property in San Diego. Greystone’s Managing Director Matt Stevens originated the transaction on behalf of Pinnacle Parkside Development US LP.

The 45-story Spire San Diego is located on Island Avenue, just a few blocks from Petco Park and Interstate 5, and is part of a residential and commercial complex with a 484-unit sister property, Pinnacle on the Park. Spire offers one-, two- and three-bedroom units as well as a fitness center, swimming pool, screening room and outdoor grilling area.

“The Pinnacle team is a pleasure to work with, as they are focused on strategic growth that benefits both the community and the residents they serve,” said Stevens in a news release. “We look forward to working on future transactions with them.”