$28,000,000 | Newport National

Summit Pointe | San Diego CA

150,000 square foot class A office building with future development opportunity on the 20.95-acre site.

Loan Type

Bridge Acquisition Loan

Capital Provider

Debt Fund


Client Benefits:


  • Tenant improvement, leasing commission, and interest reserve to support re-tenanting and stabilization of the property
  • Partial release allowing for flexibility in realizing additional development
  • Extension option to maximize time to execute the value add strategy
  • Interest-only payments to maximize cash flow
  • No prepayment penalty or exit fee
Newport National Corporation Summit Pointe Deal image

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