OPV
Location:
San Diego, CA
Financing:
$5,300,000
Bridge Financing
Deal Type:
Bridge
Property Type:
Retail Renovation
Fident Capital secured a $5.3MM loan for the refinance and improvement of a multi-tenant neighborhood retail center in the historic core of Poway, California. The asset sits on “main-street” in the heart of the community and final touches to the borrower’s deep renovations were needed to return the center to its original charm. A regional Bank provided the financing that returned a significant amount of the borrower’s initial equity investment and covered all the planned renovation expenditures.