San Diego Construction Lenders for Commercial Real Estate
Are you building a commercial property in San Diego? On this page you'll find a list of private construction lenders for commercial real estate ground-up projects in San Diego's urban areas. The maximum loan-to-completed value (LTCV) for most lenders is 70%. You typically need to contribute 25%-35% of the project costs and have cash reserves. Development experience is always required. Most lenders will require the project to be fully entitled and shovel ready. Some lenders will consider funding up to 50% of the land acquisition. Our platform has construction lenders for various types of commercial real estate, including industrial, retail, self-storage, hotels, gas stations and others.Searching...
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California is a large state, and some lenders are selective about where they lend. Filter your search by selecting a metro area:
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Commercial Construction Loan Transactions in San Diego
Bridge Loan for Land Acquisition & Development in San Diego, California
$7,000,000
Parkview Financial, a private construction lender based in LA, provided a $7 million loan for the acquisition of a land parcel in the Little Italy neighborhood of downtown San Diego, CA. The developers recently acquired the site for $7.1 million and have plans for the development of a fully entitled mixed-use 28-story urban infill project. In addition to the acquisition, Parkview’s loan includes funding for the first phase of construction for a high-rise residential/retail tower. Located at India Street, the 10,019-square-foot site is currently being used as a parking lot. The proposed project is planned to include 150 apartment units over 11,724 square feet of retail space and two levels of above-grade parking totaling 150 spaces. The project is set to begin construction in 2020 with completion anticipated in 2022. This CRE private construction loan was funded in December 2019.