$7,000,000 Financing Secured for Hospitality Property in La Jolla, CA
Apr 2, 2026 Life Company
Deal Summary
RiverSource Life Insurance Company recorded a $7,000,000 deed of trust crossing four La Jolla parcels of a restaurant, hotel, and motel complex anchored by 825 Prospect Street. The loan was executed April 2, 2026 and recorded April 2, 2026 in San Diego County under document 91896 (APN 350-081-01-00), crossed against three additional parcels. County records list the owner as Bremer Marilyn Trust.
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Transaction Details
- Closing Date
- Apr 2, 2026
- Loan Amount
- $7,000,000
- Loan Type
- Life Company
- Capital Type
- Senior Debt
- Asset Type
- Hospitality
- Source
- County record
Property
- Address
- 825 Prospect St
- City, State
- La Jolla, CA
- Market
- San Diego
Property Facts
- Lot Size
- 5,149 sq ft (0.12 ac)
- Year Built
- 2000
- Buildings
- 1
- Zoning
- LJPD-1
- Subtype
- Restaurant
- Floor Area Ratio
- 0.12
Sale History
Last sold Mar 7, 2022. Prior owner Private party.
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Apr 2, 2026 | RIVERSOURCE LIFE INS CO | $7,000,000 | Deed Of Trust | CONVENTIONAL |
| Mar 28, 2013 | AMERIPRISE CERTIFICATE CO | $1,500,000 | Deed Of Trust | CONVENTIONAL |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.