SAN DIEGO, CA - JLL Capital Markets announced today that it has closed the $13.1 million acquisition financing for The Independent, a Class A, 61-unit multi-housing asset located in Sand City, California within Monterey County.
JLL marketed the property on behalf of the borrower, Diversyfund, to secure a fixed-rate loan through a life insurance company.
Built in 2008 and renovated in 2014, The Independent offers a mix of modern studios, one-bedroom and two-bedroom units with stainless steel.
SAN DIEGO, CA - JLL Capital Markets has arranged $43.5 million in construction financing for the development of 4135 Park Blvd., a 190-unit, mid-rise, mixed-use multi-housing project located on the border of the North Park and Hillcrest submarkets in San Diego, California.
JLL worked on behalf of the borrower, CEDARst Companies, to secure a three-year construction loan through a national bank.
4135 Park Blvd. will be a seven-story, type III-A project, consisting of 101,787 square feet of.