Hanover secures $110M refi of Downtown San Diego Community, 270-unit Stanza Little Italy, from PCCP

5/1/2025

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MHN

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Capital Markets: Debt-Senior Loan, MF: Highrise

• Company: PCCP LLC, Hanover Company

Stanza Little Italy, a Class A, 270-unit multifamily property in downtown San Diego, Calif., has been refinanced with a $110 million senior loan provided by PCCP.

Details about the loan were not disclosed. The Hanover Co. is listed as the most recent owner of the 22-story asset, located at 310 A. St., according to Yardi Matrix. The refinancing replaces a $126.1 million loan provided by Wells Fargo in March 2022, the same source reported.