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JLL Delivers $110M Loan for 12-Property California Portfolio
Boardwalk Investments Group secured $110 million in acquisition financing for a 12-property portfolio of primarily Class A anchored and high-street retail properties in Newport Beach, Laguna Beach, Yountville and Corona Del Mar, CA. JLL placed the three-year, floating-rate loan with two one-year extension options with H.I.G. Realty Partners.
Key assets within the portfolio include a CVS-anchored shopping center located at 30814-30936 Pacific Coast Highway in Laguna Beach; a Pavilions-anchored shopping center located at 3100-3152 Newport Blvd. on the Balboa Peninsula in Newport Beach; a high-street retail shopping center located at 2902 West Coast Highway in Newport Beach; a fine dining retail asset located at 6725 Washington St. in Yountville (Napa); and multiple coastal assets in Newport Beach.
JLL’s team representing the borrower was led by John Chun, John Marshall, Sam Godfrey and Jake Fideler. Michael Mestel ran the transaction on behalf of H.I.G.’s real estate credit fund.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition




