Affinius Capital Closes $148.5M Loan to Refinance San Diego High-Rise
Affinius Capital LLC has successfully closed a $148.5 million loan to refinance 800 Broadway, a newly constructed, Class A high-rise multifamily property located in downtown San Diego. The property features 389 residential units and 4,830 square feet of commercial space. The loan was provided to an affiliate of Diamond Realty Investments, Inc., and was arranged by Northmarq, led by senior managing director James Currell.
“800 Broadway represents an exciting and newly built multifamily development in Downtown San Diego offering exceptional views and walkability to nearby commercial and retail amenities,” said Tom Burns, Managing Director at Affinius Capital. “This is Affinius Capital’s first transaction with Diamond Realty Investments, and we look forward to expanding the relationship further.”
The 40-story high-rise includes a mix of 356 market-rate and 33 affordable housing units, ranging from studios and one- and two-bedroom apartments to premium three-bedroom penthouses. The LEED Gold-certified building boasts resort-style amenities and offers convenient access to public transit, Interstate 5, and the San Diego International Airport.
