KKR Provides $188M Loan For Vive Luxe Multifamily Community In San Diego Represented By JLL

The transaction involves a multifamily asset located at 4890 Sunroad Centrum Lane in San Diego, comprising 442 units. The property, known as Vive Luxe, was built in 2021 and has over 95% occupancy. It includes luxury amenities as well as 23 affordable units, and the loan amount secured for this property is $188,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $188,000,000
• Market: San Diego
• Lender: KKR
• Landlord: Aaron Feldman - Sunroad Enterprises
• Brokerage Firm: JLL
• Brokers Involved: Aldon Cole, Bharat Madan & Tim Wright
• Loan Terms: five-year, fixed-rate
• Units: 442
• Occupancy Rate: over 95%
• Affordability: 23 affordable units

JLL Capital Markets represented Sunroad Enterprises in securing the loan through KKR-managed accounts, facilitating the financial arrangement for the multifamily community.