JLL Facilitates $203M Bridge Loan For 442-Unit Multifamily Property In Kearny Mesa
4890 Sunroad Centrum Lane, San Diego, California 92123, United States
$203,000,000
$915/SF
Building Size
221,720 SF
Asset Type
MultiFamily
Closing
May 16, 2022
AI
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
San Diego MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93