by Piazza Carmel, a retail complex in Carmel Valley including food and shopping options, has been refinanced with a $66 million loan.
AWalker and DunlopOn behalf of Baldwin & Sons, who have owned and operated the facility since building the property in the early 1990s, the Irvine Capital Markets team, headed by Gregory Richardson and Sean Skelton, secured the fixed-rate loan.
There are also banking, dental, and personal services companies at the center, which is situated at 3804-3890 Valley Centre Drive and 3775-3881 Valley Centre Drive.
The money needed to retire the current commercial mortgage-backed securities loan came from PGIM Real Estate.
Get neighborhood news in your inbox. It’s free and enlightening.
Become one of the 20,000+ individuals who receive breaking news alerts and the Times of San Diego in their inbox every day at 8 a.m.
Weekly updates from San Diego communities have also been provided! You acknowledge and agree to the terms by clicking “Sign Up.” Choose from the options below.
In a news release, Richardson, managing director of Capital Markets at Walker & Dunlop, stated, “We are proud to have arranged another successful refinance for a property that reflects the energy and lifestyle of San Diego, and we are grateful for the opportunity to work with the knowledgeable team at Baldwin & Sons once again.”
