Los Angeles, Nov. 3, 2016 – CBRE Capital Markets’ Debt & Structured Finance team has secured financing for the refinance of a live-work, mixed-use, Class A multifamily community, BluWater Crossing, in North County San Diego on behalf of a San Diego-based borrower. Vice Chairman Brian Eisendrath and Vice President Brandon Smith at CBRE’s Century City office arranged the financing.
BluWater Crossing is located in Carlsbad, California, directly on the Coaster line at the Poinsettia Station and just one-quarter miles from the Pacific Ocean. The community features a contemporary urban-meets-beach feel and is San Diego County’s only beach-area transit-oriented development. The property consists of 66 units featuring both live/work and townhome floor plans as well as 22,000 square feet of leasable commercial space.
“This is a unique property, and it’s a well-occupied live/work component highlights the strength of San Diego’s multifamily market,” said Eisendrath. “The long-term financing will allow our client to continue to execute their strategy while increasing returns to their investors.”
Built in 2009, BluWater Crossing offers contemporary and luxury features including live/work lofts with vaulted ceilings, custom-designed kitchen cabinetry, granite counter tops, stainless steel appliances and solid-core interior doors. In addition to stunning interiors, nearly half of the units feature ocean views from the 3rd floor.
Brian Eisendrath and his team source aggressive capital for institutional and high net-worth clients. They rank as one of the top originators in the country, which has garnered them extensive industry recognition. Year-to-date through October 2016, the team has closed more than $2 billion in financing across more than 50 properties.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
