SAN DIEGO—KeyBank Real Estate Capital has secured a total of $103 million in non-recourse, first mortgage loans for Mira Mesa Marketplace, a retail center located in San Diego. Tenants of the property include Home Depot, Edwards Cinema, Smart & Final Extra, CVS, Ross Dress for Less, Old Navy and Barnes & Noble. The center is located at 10733 Westview Pkwy.
The financing consists of a $49 million loan, which was used to acquire the East Phase of the property and a $54 million loan, which was used to acquire the West Phase of the property. John Hofmann and Mike Keach of Key's Commercial Mortgage Group arranged the financing through a correspondent life company relationship.
KeyBank Real Estate Capital is a leading provider of commercial real estate finance. Its professionals, located across the country, provide a broad range of financing solutions on both a corporate and project basis. The group provides interim and construction finance, permanent mortgages, commercial real estate loan servicing, investment banking and cash management services for virtually all types of income producing commercial real estate. As a Fannie Mae Delegated underwriter and servicer, Freddie Mac program plus seller/servicer and FHA approved mortgagee, KeyBank Real Estate Capital offers a variety of agency financing solutions for multifamily properties, including affordable housing, seniors housing and student housing. KeyBank Real Estate Capital is also one of the nation's largest and highest rated commercial mortgage servicers.
SAN DIEGO—KeyBank Real Estate Capital has secured a total of $103 million in non-recourse, first mortgage loans for Mira Mesa Marketplace, a retail center located in San Diego. Tenants of the property include
The financing consists of a $49 million loan, which was used to acquire the East Phase of the property and a $54 million loan, which was used to acquire the West Phase of the property. John Hofmann and Mike Keach of Key's Commercial Mortgage Group arranged the financing through a correspondent life company relationship.
KeyBank Real Estate Capital is a leading provider of commercial real estate finance. Its professionals, located across the country, provide a broad range of financing solutions on both a corporate and project basis. The group provides interim and construction finance, permanent mortgages, commercial real estate loan servicing, investment banking and cash management services for virtually all types of income producing commercial real estate. As a
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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.
