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PCCP Provides $41M Refi on North Park Multifamily
PCCP has provided a $41-million senior loan to refinance Tenney North Park, a newly constructed, 125-unit multifamily property with ground-floor retail in San Diego’s North Park submarket. The loan was provided on behalf of owner and developer Foulger-Pratt and refinanced an existing construction loan.
Built in 2025, Tenney North Park is an eight-story property located at 2260 El Cajon Blvd. It features 115 market-rate units and 10 affordable units, with studio, one-bedroom and two-bedroom floor plans averaging 727 square feet. The property also includes 3,116 square feet of ground-floor retail and three levels of parking totaling 146 spaces.
Tenney North Park provides residents with proximity to North Park’s 30th Street dining and entertainment corridor, along with access to major employment and lifestyle destinations throughout San Diego, including Downtown San Diego, approximately 10 minutes away; the Hillcrest healthcare cluster, less than 10 minutes away; and UTC/La Jolla, approximately 20 minutes away.
- ◦Financing




