DiversyFund And Highland Construction Secure $26.9M Construction Loan For San Diego Multifamily Property

The multifamily property located at 3922-3932 Park Blvd in San Diego, CA has recently undergone a closed transaction. The property consists of 61 units and was acquired by DiversyFund, Inc. and Highland Construction. The deal was facilitated by JLL Capital Markets, with Bryan Clark, Olga Walsh, and Daniel Pinkus acting as the brokers.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,900,000
• Loan Type: Construction Loan
• Loan Terms: fixed interest rate to alleviate any interest rate risk during the loans’ co-terminus five-year term

The loan amount for this transaction is $26,900,000, and it is classified as a construction loan. The loan terms include a fixed interest rate to mitigate any potential interest rate risks during the five-year term. The loan was secured by the property at 3922-3932 Park Blvd.