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| Olga Walsh |
SAN DIEGO, CA -- JLL Capital Markets has arranged $13.1 million in the permanent refinance of Blend-SD, a 54-unit, urban-coastal multi-housing community located at 5585 Mildred Street in the Linda Vista neighborhood of San Diego, California.
JLL
represented the borrower, Tailored Properties and The Niki Group, to secure a
non-recourse, 10-year, 2.8-percent, fixed-rate permanent loan with five years
interest-only through JLL’s exclusive correspondent relationship with a major
life insurance company.
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| Bharat Madan |
The JLL Capital Markets Advisory Team representing the borrower was led by Director Olga Walsh and Analyst Bharat Madan.
JLL
selected this lender due to their ability to provide competitive proceeds,
excellent loan terms, as well as early rate lock pre-CofO to
alleviate any interest rate risk.
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CONTACT:
Jenna Sharp
JLL Associate
Public Relations
Phone: +1 214 394 3356
Email: Jenna.Sharp@am.jll.com
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