December 14, 2018
San Diego-based Fenway Capital Advisors secured an $8.3 million loan for the refinance of Pacific View Center in Solana Beach, CA. The asset is comprised of a three-story, multi-tenant office building totaling roughly 20,415 rentable square feet. The new loan will provide future funding for planned tenant improvements.
The owners are wrapping up a major renovation of the property, located at 674 Via De La Valle. The improvements included a new façade and windows, all new lobby area/corridors, enhanced landscaping, upgraded patio areas, bike racks, surfboard storage, showers and lockers, and a new shared conference room.
CBRE’s Mark McGovern, Scott Peterson and Brian Cruz secured the loan through a life insurance company.
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