301 University Avenue is an office building, retail shopping center and parking lot in the Hillcrest area of San Diego, California - a growing and eclectic, infill neighborhood three miles north of downtown and adjacent to Balboa Park. Pathfinder and its capital partner acquired the loan, secured by the deed of trust, on the buildings and .80 acres of land in September, 2009. We concluded the foreclosure of the property in January, 2010 and plan to sell or lease the parcels.

301 University Avenue contains three parcels. Parcels A and B combine to form a 10,000 square foot medical office and an income-producing parking lot located less than one-half mile from Scripps Mercy Hospital and UCSD Medical Center. Parcel C is a 5,600 square foot retail center fully leased to four tenants and an additional income- producing parking lot. The property's location within the Hillcrest area provides significant opportunities for lease to national retailers.