Goodman Capital Provides $31 Million Construction Loan For Multifamily Development In San Diego

The property asset involved is a multifamily complex located at 3636 4th Avenue in San Diego, CA. The asset encompasses 56,910 square feet and consists of 74 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,000,000
• Loan Type: Construction
• Loan Terms: 24 months
• Lender: Goodman Capital - Eric Goodman & Etan Slomovic; SteepRock Capital - Connor Rosenbaum
• Landlord: Built Development
• Broker: Jeff Sause - JLL

The deal features prominent individuals including Eric Goodman and Etan Slomovic from Goodman Capital, along with Connor Rosenbaum from SteepRock Capital. Jeff Sause represents the transaction as the broker affiliated with JLL.