Search
 

LLC Secures $1M Refinance Loan

LA JOLLA, CA-Borrower PGP La Jolla LLC has received the funds from a New York-based institutional lender. It will use the capital to refinance its 6,752-sf office asset located at 1150 Silverado St. in La Jolla.

By Erin Cassin | Updated on October 07, 2003

LA JOLLA, CA-The owner of a La Jolla office building has secured a $1-million loan to refinance the asset, as many commercial real estate investors continue to look at San Diego County office product as a solid investment.

In the recent finance transaction, borrower PGP La Jolla LLC has received the $1 million in funds from a New York-based institutional lender. The borrower plans to use the capital to refinance its 6,752-sf office asset, which it plans to hold as an investment. The property is located at 1150 Silverado St. in La Jolla.

Jamie Dick of Burnham Capital Markets Group arranged the loan for PGP La Jolla LLC.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.