[[{“value”:”
**CBRE Arranges $98M Refinance for Radian Apartments in Downtown San Diego**
CBRE has secured a $98 million loan to refinance Radian, a 241-unit Class A multifamily community located at 675 Ninth Avenue in San Diego. The three-year, fixed-rate, permanent loan was arranged by CBRE Capital Markets’ Debt & Structured Finance team, including Mark McGovern, Scott Peterson, and Morgon Fraser. The financing was secured on behalf of the ownership group, a partnership between Cisterra Development and Spruce Capital Group. Details regarding the lender and specific loan terms were not disclosed.
“Radian exemplifies the next generation of urban living in San Diego,” said McGovern. “Its location, luxury finishes and amenity-rich environment have made it a standout in the market. With a walk score of 99 and proximity to public transportation, this refinancing positions the asset for long-term success as downtown San Diego continues to thrive.”
Radian offers a mix of one-, two-, and three-bedroom residences, including five luxury penthouses. The property features a two-story ground-floor retail section and an extensive range of amenities such as a rooftop pool and spa. Residents enjoy panoramic views encompassing Petco Park, downtown San Diego, and San Diego Bay.
“}]]
