JLL Capital Markets Secures $69M Construction Loan For Multifamily Property In San Leandro, CA

A construction loan was secured for a multifamily property located at 1188 East 14th St in San Leandro, CA. The property consists of 196 units and the loan amount is $69,000,000. Principal Real Estate Investors provided the loan for the project.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $69,000,000
• Address: 1188 East 14th St, San Leandro, CA
• Market: San Leandro, CA
• Asset Type: Multifamily
• Units: 196

The landlords involved in the transaction are Martin Group, Sansome Pacific Properties, and STARS REI. The brokers who represented the parties in the deal were Brandon Roth, Spencer Bergthold, and Elijah Lax from JLL Capital Markets.