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Affinius Capital has issued a $148.5 million note to refinance 800 Broadway, a Class A, 389-unit tower in downtown San Diego. A joint venture between Diamond Realty Investments and CA Ventures owns the property, as reported by What Now San Diego. Northmarq arranged the financing.

Sumitomo Mitsui Bank provided a construction loan amounting to $112.5 million in 2021, public records show. San Diego Housing Commission issued additional debt that same year, according to Yardi Matrix data. Site work began shortly thereafter, and the community came online last month.  

Designed by JWDA Architects, the tower rises 40 levels in San Diego’s East Village neighborhood, about 1 mile from Toll Brothers and PGIM Real Estate’s The Lindley, a 37-story property that also debuted last month.