November 4, 2016
CBRE Capital Markets’ Debt and Structured Finance team secured $26.7 million to refinance BluWater Crossing, a live/work, mixed-use multifamily community in North County San Diego.
The Class A property consists of 66 units, featuring both live/work and townhome floor plans, as well as 22,000 square feet of commercial space. 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.
BluWater Crossing is located in Carlsbad, CA directly on the Coaster line at the Poinsettia Station, and just a quarter mile 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.
CBRE’s Brian Eisendrath and Vice President Brandon Smith arranged the financing on behalf of a San Diego-based borrower.
For comments, questions or concerns, please contact Dennis Kaiser