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California  + San Diego  + Finance  | 

PCCP Provides $110M Refi on Downtown San Diego Multifamily

PCCP has provided a $110-million senior loan to refinance Stanza Little Italy, a Class A, 270-unit, 22-story multifamily community located at 310 A St. in Downtown San Diego. Terms of the loan were not disclosed.

“We believe Stanza Little Italy, a high-quality asset, will perform well as construction activity in Downtown San Diego dissipates,” said Mike Johnson, managing director with PCCP.

Stanza sits a few blocks from popular San Diego neighborhoods such as Little Italy, the Gaslamp Quarter and the Marina District. The area surrounding the community provides a variety of dining, shopping, and entertainment options, along with attractions like the Mercato Farmers’ Market and India Street in Little Italy.

Downtown San Diego has one of the strongest renter markets in the country, ranking among the top markets in the country for the percentage of renter households. Within one mile of the Stanza, 91% of residents are renters, according to PCCP.

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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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