CBRE Secures $43M San Diego Acquisition Financing

Swift Real Estate Partners purchased 530 B from Bosa Development. The seven-year, interest-only loan will provide funds for capital improvements, leasing commissions and tenant improvements.

Swift Real Estate Partners tapped CBRE’s Capital Markets Debt & Structured Finance team to secure acquisition financing for 530 B, also known as the Union Bank Building, in downtown San Diego.

Mike Walker, Brad Zampa, Megan Woodring, Taylor Shepard, Mark McGovern and Scott Peterson secured and structured the $43 million floating-rate loan at a low spread priced over 30-day LIBOR. Swift purchased the building for $57.7 million from Bosa Development, according to Yardi Matrix. Louay Alsadek and Hunter Rowe arranged the sale of the property on behalf of the seller…

CBRE Secures $43M San Diego Acquisition Financing

Categories : Finance

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