CEDARst Cos. Obtains $80M Construction Loan for The Samuel Multifamily Property in San Diego
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. San Diego life sciences vacancy remains the lowest in the major life-science clusters, and multifamily fundamentals continue to be supported by a coastal supply ceiling. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The third San Diego story tracked on the wire in September 2026. All San Diego coverage →
- Disclosed multifamily deal value tracked in September 2026: $2.8B across 25 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
SAN DIEGO — Chicago-based CEDARst Cos. has obtained an $80 million construction loan to develop The Samuel, a 197-unit apartment community in San Diego’s North Park neighborhood. Zach Kersten, Jack Wood and Ben Chorom…
External link. Real Estate Trail does not republish source content.
Related coverage — San Diego · Multifamily
Fairfield Acquires 812-Unit Apartment Community in West Palm Beach from Cortland for $208M
WEST PALM BEACH, FLA. — Fairfield, a multifamily owner-operator based in San Diego, has acquired Portofino Place Apartments in West Palm Beach. Atlanta-based Cortland sold the 812-unit property to Fairfield for $208 m…
CedarSt Lands $80M for San Diego Multifamily Project
CedarSt Companies has secured $80 million in construction financing for a 197-unit apartment development in San Diego’s North Park neighborhood. CrossHarbor Capital Partners provided the three-year, floating-rate stre…
Greystone Provides Fannie Mae Refi on San Diego Mixed-Income
Greystone provided a $46.79-million Fannie Mae loan to refinance The Nash, a 190-unit multifamily property located at 4135 Park Boulevard in San Diego’s North Park neighborhood. Greystone’s Clint Darby and Andre…
News | San Diego County investor acquires renovated apartment complex in El Cajon
The World Cup Moved Group Demand Instead of Blocking It, Is SEO Hospitality's Most Overrated Discipline, Only 10% Feel Ready for AI
Tuesday reframed July's numbers. CoStar's analysts point out that the strongest performances came from cities that hosted no World Cup matches at all, with Chicago up 16%, Detroit up 17% and San Diego up 11% on RevPAR…
Newmark Arranges $215.8M Refinancing for Waypoint Multifamily Portfolio in Florida
TAMPA, FLA. — Newmark has arranged $215.8 million in bridge financing for a five-property multifamily portfolio in Florida. Matthew Williams, Rob Wright, James Maynard and Kyle Schlitt of Newmark arranged the construc…