CARLSBAD, CA—Capital One Multifamily Finance has closed a $25.6 million Fannie Mae fixed loan to refinance the Bluffs at Carlsbad, a 163-unit complex in Carlsbad, California and part of the San Diego MSA.
Doug Taylor, senior vice president of originations in Capital One Multifamily's Newport Beach office, originated the transaction. The borrower and new client was Triumph Properties Group, a diversified real estate investment and development company.
The Bluffs at Carlsbad, a fourteen building two-story complex was built in 1978 and fully renovated in 2013. The building amenities include a clubhouse with a fitness center, pool, spa, tennis court, dog-park, barbecue/picnic areas, and laundry facilities. The property is situated on 10.15 acres of land and offers 308 parking spaces including 208 carports.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
