Curated News
By: NewsRamp Editorial Staff
September 09, 2025
Archway Capital Provides $42.9M Loan for Carlsbad Retail Acquisition
TLDR
- Archway Capital secured a competitive edge by providing a $42.9 million non-recourse loan for Steerpoint's acquisition of The Shoppes at Carlsbad.
- Archway Capital structured a $42.9 million loan with flexible terms and non-recourse provisions for Steerpoint's acquisition of 727,000 sf retail space.
- This investment enables property improvements and leasing campaigns that enhance community retail experiences and support local economic vitality in Carlsbad.
- Archway Capital funded a major retail acquisition at The Shoppes at Carlsbad, featuring popular tenants like Yard House and Dave & Busters.
Impact - Why it Matters
This transaction demonstrates the growing importance of alternative lenders in commercial real estate financing, particularly for complex acquisitions that traditional banks may avoid due to rigid underwriting standards. For investors and developers, it highlights new financing opportunities for major retail properties, potentially revitalizing shopping centers and boosting local economies. The $4 million in planned improvements signals ongoing investment in retail infrastructure, which could enhance consumer experiences and create economic activity in the San Diego County region. This deal also reflects confidence in the retail sector's recovery and the strategic value of well-located shopping centers despite broader market challenges.
Summary
Archway Capital LLC has provided a substantial $42.9 million loan to Steerpoint Capital for the acquisition of a major portion of The Shoppes at Carlsbad, a prominent 1.1 million square foot retail center located at 2525 El Camino Real in Carlsbad, California. This transaction represents Archway Capital's largest and most complex deal to date, involving the acquisition of 727,000 square feet of the property that is currently 74% occupied with a diverse tenant mix including Yard House, The Cheesecake Factory, Hollister, American Eagle Outfitters, Dave & Busters, 24 Hour Fitness, and Regal. The property, situated in an affluent, densely populated area at the junction of Interstate 5 and Highway 78, underwent renovations in 2017 and offers a customer-friendly, family-oriented atmosphere with diverse retail, dining, and entertainment options.
Bobby Khorshidi, CEO and CIO of Archway Capital, emphasized that the firm won this business due to their ability to move quickly, maintain flexibility, and their proven track record with complex transactions. Unlike traditional banks with rigid underwriting standards, Archway customized the loan structure, offering a rare non-recourse arrangement for a deal of this size and complexity. The borrower has allocated $4 million for property improvements including entrance upgrades, enhanced common area seating, digital signage additions, and bathroom renovations. This transaction showcases Archway's unique ability to fulfill specialized needs in commercial real estate finance that traditional lenders often overlook. For more information about Archway Capital's offerings, interested parties can visit ArchwayFund.com.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Archway Capital Provides $42.9M Loan for Carlsbad Retail Acquisition
