$8.5M Credit Union Loan on San Diego's Beau Hotel

The borrower's name preserves the building's previous life. Historic Beaumanor Apartments LLC took its name from the single room occupancy residential hotel that long operated at 903 to 927 6th Avenue downtown; the collateral today is The Beau Hotel, a boutique hotel that opened in 2025 after a renovation local press reports at roughly $5,000,000, begun in 2023. On May 5, 2026, MyPoint Credit Union recorded an $8,500,000 deed of trust on the property, its second loan there, following $7,000,000 in 2022 that bridged the conversion years.

The building predates nearly everything around it. The hotel's own materials date it to 1886, originally the Rand-Pauly Building with upper floors run as the Leland Hotel, later known as the Beaumanor; the county's 2001 date reflects later renovation rather than origin, and the conflict is reported as recorded. Room count varies with the teller: the hotel says 51 rooms, county records carry 52 units from the residential era, and travel platforms list 53. The ground floor now holds the Witherby restaurant and a bar occupying a space local accounts describe with Prohibition era speakeasy lore, both opened in 2025. No city landmark designation appears on San Diego's designated list for the parcel, and none is asserted.

The chain of title is a family arc: a trust held the building until a 2010 sale at $5,335,000 to the current entity, formed weeks before closing, and the operating firm that ran the residential hotel executed the conversion. The debt history steps with the uses: private trust deeds in 2006, La Jolla Bank in 2007, a credit union in 2014, California Bank and Trust in 2019, then MyPoint twice.

One observation is reported without interpretation: MyPoint's published commercial program describes loans up to $5,000,000 on multifamily, industrial, office, and retail property. The recorded loan is $8,500,000 on a hospitality asset. Published program pages describe products, not limits, and the recorded instrument is the fact.

Within the tracked San Diego record the loan ranks 5th of 25, the largest of four tracked county hospitality closings, ahead of $8,000,000 from California Bank of Commerce downtown and $7,000,000 from a life insurer in La Jolla. For owners repositioning aging residential hotels, this file shows the full financing lifecycle, SRO to boutique flag, carried end to end by relationship depositories rather than hotel funds.