JLL Capital Markets Arranges $28M Bridge Loan For Casa Verde Multifamily In San Diego's North Park

The JLL Capital Markets has arranged a $28 million bridge loan for Casa Verde, a 94-unit multifamily apartment community located at 3066 North Park Way in San Diego's North Park neighborhood. The modern complex is known for its prime location close to dining, entertainment, transit options, and employment centers.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $28,000,000
• Loan Type: Bridge Loan
• Loan Terms: non-recourse floating-rate
• Market: San Diego
• Units: 94
• Landlord: Champion Real Estate Investments
• Brokers: Olga Walsh & Jack Wood - JLL

This transaction involves JLL Capital Markets arranging a $28 million bridge loan for the Casa Verde apartment community. The loan provides a construction take-out financing option for the 94-unit urban apartment complex. The loan terms offer non-recourse floating-rate financing, allowing flexibility for the development project. Champion Real Estate Investments, the landlord of Casa Verde, partnered with brokers Olga Walsh and Jack Wood from JLL to secure the financing.