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Built Development Secures $33M Loan For Little Italy Multifamily Property

915 West Grape Street
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This MultiFamily property located in CA received a loan of $33,000,000 almost 2 years ago. The brokers of the deal were Chad Morgan, Chris Collins, and Jeff Sause

Located in the vibrant neighborhood of Little Italy, the multifamily property at 915 W. Grape St. has recently been involved in a closed transaction. Developed by Built Development, this property spans approximately 63,500 square feet and comprises 70 residential units. The transaction took place on 04/19/2022, when a loan of $33,000,000 was secured for this asset.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $33,000,000
  • Address: 915 W. Grape St.
  • Market: Little Italy
  • Square Footage: 63,500
  • Units: 70

Represented by the brokers from JLL Capital Markets, Jeff Sause, Christopher Collins, and Chad Morgan played a crucial role in facilitating this transaction. Their expertise in the market and their agency's strong reputation contributed to the success of the deal.

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Deals
  • Location
    915 West Grape Street, San Diego, California 92101, United States915 West Grape Street, San Diego, California 92101, United States
  • Loan Value
    $33,000,000$33,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Chad Morgan

Chad Morgan

Deals6
Financed$271M

Jeff Sause

Jeff Sause

Deals17
Financed$736M

Agencies

JLL

JLL

Agency
Deals5579
Volume$332.6B

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

LOAN IMAGE: Jeff Sause, Christopher Collins & Chad Morgan DATE: 04/19/2022 ADDRESS: 915 W. Grape St. MARKET: Little Italy ASSET TYPE: Multifamily ~ SF: 63,500 ~ UNITS: 70 LANDLORD: Built Development BROKERS: Jeff Sause, Christopher Collins & Chad Morgan - JLL Capital Markets LOAN AMOUNT: $33,000,000

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915 West Grape Street

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