Seattle Funding Group provided bridge acquisition financing on this well-located, commercial property very near the ballpark in downtown San Diego. Presently vacant, the sponsor acquired the property for purposes of developing and operating a restaurant and night club in the heart of the thriving East Village area. Surrounded by mid and high-rise residential, one block from Petco Park and across the street from a large public parking structure, the site was ideally suited for the buyer’s intended use.
Already operating multiple food & beverage establishments, steak and coffee houses throughout San Diego County, this experienced real estate developer, owner and operator is a 14 time repeat client with SFG. They know SFG is the one to call or text when deal certainty and responsiveness are required. Possessing an impeccable track record, a history of successful operations across multiple business models (restaurants, vacation rentals, redevelopment…), and strategic plans which include significant improvements on their nickel, this site will soon be another hot spot and terrific venue in the East Village for the Patio Group.
SFG wishes ANI and The Patio Group every continued success, and we thank them for making Seattle Funding Group of California their bridge lender of choice since 2011.