JLL Secures $10.1M Bridge Loan For Naturally Affordable Housing's 39-Unit Multifamily In San Diego

The property involved in this transaction is a 39-unit multifamily asset located at 4233 Kansas Street in San Diego. This newly built four-story complex includes studios and one-bedroom units, featuring high ceilings and modern amenities, catering to strong lease-up demand in the developing North Park neighborhood.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,100,000
• Loan Type: Bridge
• Loan Terms: short-term, floating rate
• Landlord: David Iwashita & John O'Connor - Naturally Affordable Housing
• Brokers: Ben Choromanski & Bradley Vansant - JLL

JLL secured the bridge loan on behalf of the borrower, Naturally Affordable Housing. The brokers, Ben Choromanski and Bradley Vansant, played a crucial role in facilitating this transaction, ensuring that the financing met the needs of the newly developed property.