Gemdale USA Secures $94.3M Construction Loan For Multifamily Property In Pleasant Hill

The multifamily property located at 85 Cleaveland Road in Pleasant Hill has been involved in a recent transaction. The deal, which took place on 07/22/2022, was facilitated by Gemdale USA, the landlord of the property. Bank OZK provided a construction loan of $94,300,000 for this transaction. The property has an address of 85 Cleaveland Road and is situated in the Pleasant Hill market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $94,300,000
• Lender: Bank OZK
• Landlord: Gemdale USA
• Brokers: Brandon Roth, Nicco Lupo, Jordan Angel & Tatiana Hodapp - JLL Capital Markets

JLL Capital Markets represented the parties involved in the transaction, with Brandon Roth, Nicco Lupo, Jordan Angel, and Tatiana Hodapp serving as brokers. This deal marks a significant development in the multifamily property market in Pleasant Hill.