Nearly $80 Million Secured to Develop 251 Units of Housing in Kearny Mesa ...Middle East

Times of San Diego - News
Nearly $80 Million Secured to Develop 251 Units of Housing in Kearny Mesa
Project planned for 8333 Clairemont Blvd. Photo credit: Courtesy, CBRE Construction financing has been obtained to develop a mid-rise multi-family complex, Ion Convoy, in Kearny Mesa, according to a real estate brokerage. Bill Chiles, Scott Peterson and Morgon Fraser with CBRE Capital Markets’ Debt and Structured Finance team in San Diego secured the three-year term, $78.5 million senior construction and mezzanine loan for the San Diego-based real estate development firm AAA Management.  “While new construction is challenging to finance in the current economic environment, we worked diligently to provide AAA Management with the best senior and mezzanine solution to ensure profitabi

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