Greystone Provides $130M Refinancing for Spire San Diego
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.”
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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