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HP Investors Receives $19M in Financing for Gaslamp Square Retail Property in Downtown San Diego
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HP Investors Receives $19M in Financing for Gaslamp Square Retail Property in Downtown San Diego
SAN DIEGO — HP Investors has received $19 million in recapitalization financing for Gaslamp Square, a retail property at 405 5th Ave. in San Diego. Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke of CBRE arranged a floating-rate loan on behalf of the borrower. The financing features a multi-year interest-only period and a competitive structure with a maturity in 2029. Gaslamp Square features 54,856 square feet spanning a full block at 5…
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