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A joint venture between Murfey Company and Bishop Ventures have secured a $20.5 million loan for the development of the Californian, a luxury residential and retail mixed-use project in San Diego. The funds will refinance an existing construction loan.

The Californian is a 18-unit, the three-story apartment complex totaling 68,141 square feet with 3,137 square feet of ground-floor retail and 108 parking spaces. It features common area amenities, like a rec room, courtyard with swimming pool, jacuzzi, barbeques and lounge areas throughout the property.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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