facebook
Traded Co logo
Submit a Deal
375 West El Pintado
FINANCED

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

375 West El Pintado

Condo
clock iconFinanced 163 days ago
Jordan Angel
Matt Cimino
the dealplayerscompscontact
share iconContact now

Summary

Loan
CALIFORNIA
Condo

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.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Jordan Angel's profile picture
Jordan Angel
JLL-image
Managing Director
$104M Sold

Details

Deal Summary
minus icon
FINANCED
IMAGE: Jeff Stone, Jordan Angel & Matt Cimino DATE: 02/08/2024 ADDRESS: 375 West El Pintado MARKET: Danville ASSET TYPE: Condo ~ UNITS: 50 LANDLORD: Jeff Stone - Diamond Construction Inc. (@DiamondConstructionInc) BROKERS: Jordan Angel & Matt Cimino - JLL (@JLL) LOAN AMOUNT: $51,100,000 LOAN TYPE: Construction Loan NOTE: JLL Capital Markets secures $51.1M for 375 W El Pintado, a 50-unit luxury condo development in Danville, for Diamond Construction Inc. and three investors. The 55+ community with one, two, and three-bedroom units, slated for 2025, offers upscale amenities near downtown Danville and several country clubs within a 15-minute drive.

View on map

Loading...

Address375 West El Pintado

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want