JLL Secures $51M Bridge Loan For Mossdale Landing Apartments In Lathrop

The recently completed Mossdale Landing Apartments in Lathrop, California, have secured a three-year bridge loan through MF1 Capital, arranged by JLL. The luxury multifamily development, owned by Mossdale Landing Owner LLC, consists of 10 buildings with a total of 204 units spread across 185,000 square feet on a 9-acre site. The strategically located complex offers high-end units with a range of amenities, catering to residents who desire a convenient lifestyle near major employment hubs and retail centers in the Central Valley.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $51,000,000
• Address: 18008 Golden Valley Parkway, Lathrop
• Market: Lathrop
• Square Footage: 185,000
• Units: 204
• Acres: 9

The bridge loan was facilitated by JLL, with Jalynn Borders, Jeff Sause, and Lillian Roos representing the brokerage firm. The lenders for the transaction were MF1 Capital, with Scott Waynebern serving as the point of contact. The property is jointly owned by Rubik Built, Wright Equities, and The Grupe Company, with Nic Whetstone, Brian Wright, and Mark Fischer acting as representatives for their respective companies. The collaboration between these industry professionals ensures the success and seamless transaction of Mossdale Landing Apartments.