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Monday, Jul 22, 2024
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La Jolla Apartment Project Refinanced

A Newport Beach developer has received a $14.4 million loan to retire construction financing on a La Jolla apartment building.
Westerre received the loan from Gantry, Inc. on the recently completed apartment complex at 801 Pearl St.
The two-story building has 26 apartments in a mix of studios, one-bedroom, and two-bedroom apartments.
It also has 3,400 square feet of street-level commercial space.
Westerre was represented by Gantry Principal George Mitsanas and Doug Tisdale, a director, with the firm’s El Segundo office.
“801 Pearl is a high-quality infill development delivered into the heart of one of California’s most desirable coastal communities with strong, long-term fundamentals for multifamily housing,” Tisdale said.
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