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JLL Capital Markets Group Closes $13 1 Million in Acquisition Financing for The Independent Apartment Community in Coastal California

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.

Sand cityUnited statesMonterey bay aquariumMonterey state beachPebble beachMonterey countyMonterey bayIsaac dixonBryan clarkBrad vansantEagle realty groupPebble beach golf coursesSenior vice presidentReal estateMarkets debt advisoryManaging director bryan clark

JLL Capital Markets Close $13 1 Million in Acquisition Financing for The Independent Apartment Community in Coastal California

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.

Monterey bayUnited statesMonterey countyPebble beachMonterey bay aquariumSand cityMonterey state beachIsaac dixonBryan clarkBrad vansantEagle realty groupPebble beach golf coursesSenior vice presidentReal estateMarkets debt advisoryManaging director bryan clark

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