California + Bay Area + Finance | August 11, 2023

PACT Capital Arranges $362M Acquisition Land Loan in San Joaquin County

PACT Capital secured the financing toward a $362-million acquisition land loan for 1,600-plus acres of one of the most sought-after masterplan communities in San Joaquin County. The property is entitled for 5,500 residential units and 263-plus acres of variously entitled multifamily, mixed-use, industrial, and general commercial real estate located less than 60 miles from San Francisco.

Co-founders and managing partners Adam Mortanian and Tyler Shegerian, associate Connor Haubursin and Paul Monsen led the PACT Capital team. The acquisition financing was provided through a real estate investment banking syndicate.

The buyer, a private family office located in Northern California, with holdings in agriculture and commercial real estate, was not disclosed, and the purchase price and parties to the transaction are confidential. The sponsorship engaged PACT Capital and its principals for their particular asset class expertise in managing and underwriting credit for both agriculture and commercial real estate.

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach. Click here for more information and to register.

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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 13-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 15-20 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).

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