Partnership Gets $38.5-Mil Loan Package

SAN DIEGO—Dwyer-Curlett & Co. has arranged $38.5 million in debt andequity financing for six multi-tenant projects in Oceanside and theMiramar area.

Property Enterprises I LP is borrowing the money through HellerFinancial and South Charles Investment Corp. American PropertyEnterprises, an affiliate of the general partner for the new owner, willmanage the properties and begin a three-year, $2.3-millionrehabilitation program.

The biggest single complex in the portfolio is Oceanside’s 166,681-sf Rancho del OroBusiness Park. The other five are multitenant parks in the Miramar area: the 64,180-sf Cabot Plaza; the 49,600-sf Cabot Industrial Park; the 113,279-sf Foremost Business Park; the 70,098-sfBlack Mountain Plaza, and the 95,071-sf Black Mountain Commerce Park.

Mortgage banker Dwyer-Curlett is based in Los Angeles. Its LA and San Diego offices arranged the financing.