Transaction Overview
GSP successfully placed a $12,000,000 refinance of a four-tenant retail property in the prime “Gaslamp” District of San Diego. Located a short walk from the San Diego Convention Center and waterfront, this property sits in the heart of the entertainment and business district of downtown San Diego. Consisting of over 18,000 square feet of street level retail and 46 parking spaces, the subject property hosts stable, successful tenants with strong year over year sales. GSP marketed this loan to banks, life insurance companies and Wall Street/CMBS originators to match the unique needs of our client while securing a very high loan dollar per square foot. Specific loan terms for this ten-year loan are confidential.
