California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Two-Building Oceanside Resi Property Lands $50M Financing
JLL arranged $50 million in financing for Pierside, a two-building, mixed-use property with 176 residential units and approximately 17,000 square feet of retail space in the San Diego suburb of Oceanside. A San Diego-based capital markets team of director Olga Walsh and analyst Daniel Pinkus worked on behalf of the borrower to arrange the 10-year, fixed-rate loan with a life insurance company.
Loan proceeds will be used to retire the existing construction loan, cover associated transaction costs, fund leasing costs for vacant retail space and return a portion of sponsor equity.
Pierside was constructed in two phases, the 66-unit Pierside North and 110-unit Pierside South, that were completed in 2016 and 2018. Located in the heart of Oceanside along Mission Avenue, the property is a short distance from the Pacific Ocean and also less than a mile from Interstate 5.
Pictured: Pierside South.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing




