JLL Capital Markets Secures $69M Construction Loan For Multifamily Property In San Leandro, CA | 1188 East 14th Street | Principal Real Estate Investors | Spencer Bergthold, Brandon Roth | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

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.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Principal Real Estate Investors

Details

Deal Summary

FINANCED

IMAGE: Brandon Roth, Spencer Bergthold & Elijah Lax DATE: 10/20/2022 ADDRESS: 1188 East 14th St MARKET: San Leandro, CA ASSET TYPE: Multifamily ~ UNITS: 196 LENDER: Principal Real Estate Investors LANDLORD: Martin Group, Sansome Pacific Properties (@SansomePacific) & STARS REI BROKERS: Brandon Roth, Spencer Bergthold (@SpenceBergthold) & Elijah Lax (@Elijah_Lax) - JLL Capital Markets (@JLL) LOAN AMOUNT: $69,000,000 LOAN TYPE: Construction Loan

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Address1188 East 14th Street

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