Mansfield Equities has secured a landmark loan for the development of land on Ash Street, San Diego.
Santa Monica, CA -- (SBWIRE) -- 03/07/2014 -- Philip Cohen’s Mansfield Equities is a real estate capital advisory firm in LA that has just secured 7.5 million dollars in development financing for a strip of premium real estate at 445 Ash Street, an L shaped patch of land currently occupied by old stores and parking, for an exciting new construction project.
Overseen by Philip Cohen, Mansfield Equities arranged the initial land loan to acquire the site for potential redevelopment and construction of a new commercial property. Philip Cohen is the company’s foremost broker and has closed some of its biggest deals, including office, retail, construction and industrial construction and development loans.
Mansfield Equities have secured the 7.5 million dollars on behalf of a private client, who for the moment remains unnamed. The site was once home to Luth Research and a number of vacant office spaces in 2011, but will now be redeveloped into an exciting 21st century development that is sure to rejuvenate the local economy after the downturn.
A spokesperson for Philip Cohen explained, “This is a landmark deal for us, and represents a continuing record of excellence in what we are capable of achieving on behalf of our clients. They come to us because they want their dreams to become a reality, and funding is what can make that happen. We have financed spaces for government, pharmaceuticals, business parks, malls and restaurants, and we plan to continue to grow and diversify the number of clients we can deliver for. With this deal, we have proven that there is now limit to the ambition we can help clients fulfill, where it be bridging or renovation, acquisition, joint venture or construction.”
About Mansfield Equities
Mansfield Equities is an LA-Based boutique Real Estate Capital Advisory Firm specializing in debt financing, mezzanine financings, JV Equity, and development projects. The firm is highly regarded within the industry for their integrity, creativity, and advocacy on behalf of their clients, able to secure high value loans for large scale projects. For more information please visit: http://www.mansfieldequities.com/