Broadshore Capital Partners Closes $53.2 Million Senior Multifamily Bridge Loan in San Diego

LOS ANGELES--(BUSINESS WIRE)--Broadshore Capital Partners, LLC ("Broadshore") 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, California.

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 want to be in,” said Bradford Howe, Chief Executive Officer of Broadshore Capital Partners. “This transaction is consistent with our strategy of deploying institutional capital into well-located, newly delivered assets where we have conviction in the collateral quality and the long-term fundamentals. Broadshore has made many successful investments in the San Diego area over its history and believes Monroe North Park will be another success for our firm and our partner.”

Chris Miller, Senior Vice President at Broadshore Capital Partners, added, “Monroe North Park presented a compelling combination of basis protection, institutional-quality collateral, and a clear path to stabilization. The sponsorship group’s track record in similar transitional multifamily strategies, paired with the Property’s differentiated location and amenity package, gave us strong confidence in the underwriting.”

Monroe North Park is an eight-story, podium-style community comprising approximately 87,000 net rentable square feet and featuring 137 units. The Property is located at 3090 Polk Avenue in the heart of North Park, offering residents walkable access to premier dining, retail, breweries, and cultural amenities, with direct connectivity to Downtown San Diego, Mission Valley, Balboa Park, and major employment centers throughout the broader metropolitan area.

About Broadshore Capital Partners

Broadshore Capital Partners is a real estate investment manager focused on originating and managing structured debt and equity investments across high-quality commercial real estate assets in select U.S. markets. For more information visit www.Broadshore.com.