JLL Capital Markets Secures $51.1M Construction Loan For 50-Unit Luxury Condo Development In Danville

A construction loan of $51.1 million has been secured by JLL Capital Markets for the development of 375 West El Pintado in Danville. The project, led by Diamond Construction Inc. and three investors, aims to create a 55+ community consisting of 50 luxury condos. The development, set to be completed in 2025, will offer one, two, and three-bedroom units with upscale amenities. Conveniently located near downtown Danville and several country clubs, the property provides a desirable living environment for its residents.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $51,100,000
• Units: 50
• Market: Danville
• Landlord: Jeff Stone - Diamond Construction Inc.
• Brokers: Jordan Angel & Matt Cimino - JLL

Jordan Angel and Matt Cimino from JLL have played a pivotal role in securing the loan for this development. Their expertise and negotiation skills have facilitated the financing of this ambitious project, bringing together the interests of the developer, Diamond Construction Inc., and the three investors involved. The collaboration between these key individuals and companies highlights their commitment to creating a high-quality living space for the 55+ community in Danville.