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4890 Sunroad Centrum Lane, ...

JLL Facilitates $203M Bridge Loan For 442-Unit Multifamily Property In Kearny Mesa
FINANCEDMultiFamily

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

Tim Wright

JLL

Broker

$2.4B

vol

9 deals

Broker
Sunroad Enterprises
Sunroad EnterprisesLandlord

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