Broadshore Capital Partners announced the closing of a $53.2 million floating-rate senior bridge loan secured by Monroe North Park, a newly delivered 137-unit class A multifamily community located in the North Park neighborhood of San Diego.
The loan was completed in partnership with an institutional investor with whom Broadshore maintains an active lending relationship focused on sourcing and executing bridge financing opportunities across the United States. The financing will facilitate the lease-up and stabilization of the property, which was delivered in 2025 and features institutional-quality construction, structured parking with EV-charging capabilities, rooftop entertainment and co-working amenities and a curated resident experience designed to appeal to affluent urban renters.
“San Diego is one of the most fundamentally sound multifamily markets in the country, and North Park represents exactly the kind of supply-constrained, high-demand urban submarket we wa
