Alta Pointe is a planned 22+ story Art Deco residential high-rise in San Diego, CA, featuring 220 small units, retail space, and underground parking. The project requires a $2.8 million bridge loan to proceed. The land was acquired at a 76% price reduction after a previous contract lapsed. The downtown real estate market is improving, reducing repayment risk.
documents/EFTA00292159.pdf
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