JLL Facilitates $203M Bridge Loan For 442-Unit Multifamily Property In Kearny Mesa
FINANCED
$203,000,000
+ 1
California
See Similar DealsMultiFamily221,720 SF
Financed 05/17/2022
FINANCED
JLL Facilitates $203M Bridge Loan For 442-Unit Multifamily Property In Kearny Mesa
4890 Sunroad Centrum Lane, San Diego, California 92123, United States
See Similar DealsMultiFamily221,720 SF
Financed 05/17/2022
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$915
Total Square Footage:221,720 SF
Transaction Type:Loan
Located at 4890 Sunroad Centrum Ln. in Kearny Mesa, this multifamily property consists of 442 units. The transaction, which took place on 05/17/2022, involved a bridge loan amounting to $203,000,000. The loan term is set for 5 years.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $203,000,000
- Address: 4890 Sunroad Centrum Ln.
- Market: Kearny Mesa
- Loan Type: Bridge
- Units: 442
The landlord for this property is Sunroad Enterprises. The brokers involved in the deal were Aldon Cole, Tim Wright, Bharat Madan, and Mariah Feghali from JLL.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$203,000,000.00
Monthly NOI$1,353,333.33
Monthly Debt Service$1,283,098.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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