The latest BOLOUR loan fills the capital void in a recovering retail market.
Location: 1900 Main Street & 1985 National Avenue, San Diego, CA
Market: Barrio Logan
Loan Amount: $10.3MM
Loan Purpose: 47,578 s.f. Two-Building Acquisition
Sector: Retail
Term: 24 Months
LTV: 74%
“At a time when capital is still scarce for low-occupancy retail, BOLOUR is filling a void… providing loans for buyers to acquire, lease-up and re-stabilize assets in the recovering COVID marketplace. This loan allowed our borrower to quickly close on a high-upside retail center opportunity, centrally located in San Diego’s Barrio Logan submarket, outside of downtown San Diego.”
Steven Simantob, Debt Originations
Bolour offers competitive, reliable lending in 18 markets across the U.S. and for a broad range of product sectors. Visit bolourassociates.com/lending for more information or contact Steven Simantob directly at 323.677.0550 x133 or stevens@bolourassociates.com.