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DiversyFund And Highland Construction Secure $26.9M Construction Loan For San Diego Multifamily Property

3922-3932 Park Boulevard
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This MultiFamily property located in CA received a loan of $26,900,000 over 1 year ago. The brokers of the deal were Bryan Clark, Olga Walsh, and Daniel Pinkus

The multifamily property located at 3922-3932 Park Blvd in San Diego, CA has recently undergone a closed transaction. The property consists of 61 units and was acquired by DiversyFund, Inc. and Highland Construction. The deal was facilitated by JLL Capital Markets, with Bryan Clark, Olga Walsh, and Daniel Pinkus acting as the brokers.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $26,900,000
  • Loan Type: Construction Loan
  • Loan Terms: fixed interest rate to alleviate any interest rate risk during the loans’ co-terminus five-year term

The loan amount for this transaction is $26,900,000, and it is classified as a construction loan. The loan terms include a fixed interest rate to mitigate any potential interest rate risks during the five-year term. The loan was secured by the property at 3922-3932 Park Blvd.

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Deals
  • Location
    3922 Park Boulevard, San Diego, California 92103, United States3922 Park Boulevard, San Diego, California 92103, United States
  • Loan Value
    $26,900,000$26,900,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Olga Walsh

Olga Walsh

Deals2
Financed$54.9M

Daniel Pinkus

Daniel Pinkus

Deals4
Financed$219.3M

Bryan Clark

Bryan Clark

Deals4
Financed$72.9M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

LOAN IMAGE: Bryan Clark, Olga Walsh & Daniel Pinkus DATE: 09/26/2022 ADDRESS: 3922-3932 Park Blvd MARKET: San Diego, CA ASSET TYPE: Multifamily ~ UNITS: 61 LANDLORD: DiversyFund, Inc. & Highland Construction BROKERS: Bryan Clark, Olga Walsh & Daniel Pinkus - JLL Capital Markets (@JLL) LOAN AMOUNT: $26,900,000 LOAN TYPE: Construction Loan LOAN TERMS: fixed interest rate to alleviate any interest rate risk during the loans’ co-terminus five-year term

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3922-3932 Park Boulevard

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