Located at 333 El Camino Real, Trestle features six residential and two commercial buildings.
SAN CARLOS, CA—What with traffic snarls and lack of buildable land, transit-oriented projects continue to appeal to developers, investors and financiers in the Bay Area. Trestle Apartments, a multifamily/mixed-use property consisting of 202 units and 25,898 square feet of commercial space, is no exception. Located at 333 El Camino Real, Trestle features six residential buildings and two commercial buildings which flank the historic depot of the San Carlos Caltrain station.
With half of the buildings still under construction, a $103.77 million pre-stabilized construction take-out loan was needed. This loan is almost certainly the largest for a multifamily project in San Carlos and one of the largest in recent history on the Peninsula, GlobeSt.com learns.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
