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California  + San Diego  + Finance  | 

Mid-Rise Winslow Nabs $113M Construction Loan

Construction financing to the tune of $112.6 million was recently secured for the development of a class-A mid-rise apartment community. The project is located within San Diego’s University Heights neighborhood.

Upon completion, Winslow will consist of a seven-story building (with one additional story below grade) comprising 379 apartment units, a 15,000-square-foot CVS and 542 parking stalls. In addition to the ground-floor retail space, the community will provide an amenity package that will include a co-working lounge, pool, fireside lounge with catering kitchen, fitness center, bike storage and private dog park.

Interior apartment features will include quartz countertops, roller window shades, tile surround showers, vinyl plank flooring, nine-foot ceilings, stainless steel appliances and front load washer/dryers.

New York Life Real Estate Investors secured the financing. Chris Caison with Newmark placed the debt on this transaction.

For comments, questions or concerns, please contact Lisa Brown

Connect

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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