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Keystone Mortgage Provides USD 36m in Financing for Acquisition of Four Commercial Properties in San Diego County.

MANews-(C)2009-2019

10 May 2019 - California, US-based commercial real estate financing advisor Keystone Mortgage Corp recently delivered USD 36m in financing for the acquisition of four, creative flex properties in the North County Submarket in San Diego, California, the firm said.

By leveraging their expertise and extensive capital market relationships, the Keystone team met the challenge of a time-constrained transaction process, to deliver long-term, permanent loans with correspondent Life company financing.

One of the transactions closed in less than 30 days, a process that typically takes 45-60 days.

The Keystone team, led by senior vice president, James Ruiz, worked on behalf of RAF Pacifica Group, one of the most innovative developers in San Diego County, known for their creative industrial, mixed-use and office facilities.

The property transactions were brokered by Aric C. Starck, vice chairman, Cushman and Wakefield and leader of a top nationally ranking brokerage team in North San Diego County.

Founded in 1957, Keystone Mortgage Corp. has an established reputation for unparalleled client service and certainty of execution.

The company's extensive correspondent lender network encompasses the premiere commercial real estate lending institutions in the Nation.

Keystone specialises in providing financing secured by virtually all income producing assets and has been nationally recognised by its correspondent relationships as a top-tier mortgage banking firm.

Country: USA

Sector: Construction/Real Estate

Target: Four, creative flex properties in the North County Submarket in San Diego, California

Buyer:

Vendor:

Deal size in USD: 36m

Type: LBO

Financing: Cash and Stock

Status: Agreed

Buyer advisor: , ,

Comment: Keystone Mortgage Corp provides financing

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Publication:M & A Navigator
Date:May 10, 2019
Words:258
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