Brixton Capital, a real estate investment firm, has worked closely with CBRE Capital Markets’ Debt & Structured Finance to arrange a $14.4 million refinance transaction for two office properties in San Diego’s Kearny Mesa neighborhood. The properties, totaling 87,775 square feet, include Lomas Pacific I at 9619 Chesapeake Dr., and Lomas Pacific II at 9444 Farnham St. The refinance will provide funding for future tenant improvements, leasing commissions, and capital expenditures.
The properties were originally built in 1983 and 1985, and renovated in 2017. The buildings offer ample parking, outdoor seating, meeting areas, and close proximity to retail.
CBRE’s Shaun Moothart, Bruce Francis, Bob Ybarra, Jennifer Ansari, Dana Summers and Doug Birrell arranged the non-recourse, interest-only loan on behalf Solana Beach-based Brixton Capital.
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