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| Olga Walsh |
SAN DIEGO, CA –– HFF announces it has arranged financing for the development of Carroll
Canyon, a luxury residential and retail mixed-use development in San Diego’s
affluent Scripps Ranch community.
HFF worked on behalf of Sudberry Properties to arrange
a construction loan through a commercial bank. Additionally, HFF secured
mezzanine financing from a correspondent life company lender.
Carroll Canyon will consist of 260 apartment units and
approximately 10,700 square feet of retail space that will be leased to a mix
of national and regional retailers.
The
property sits at the northeast corner of the intersection of Interstate 15 and
Carroll Canyon Road in the heart of Scripps Ranch, a centralized suburban
location less than 30 minutes from beaches, North County San Diego and the San
Diego International Airport.
The
residential component will feature high-end units averaging 908 square feet and
common area amenities, including a community lounge, fitness center, spa,
in-unit laundry rooms along with a mix of garage, carport and open stalls for
parking.
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| Aldon Cole |
The
project is due for completion in second quarter 2021.
The HFF debt placement team representing the borrower was
led by senior managing director Aldon Cole and director Olga Walsh.
Holliday GP Corp. (“HFF”) is a real estate broker licensed
with the California Department of Real Estate, License Number 01385740.
CONTACTS:
ALDON COLE
CA Lic. #01457351
HFF Senior Managing Director
(858) 552-7690
OLGA WALSH
CA Lic. #02052171
HFF Director
(858) 552-7690
OLIVIA HENNESSEY
HFF Public Relations
Specialist
(713) 852-3403
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