JLL Capital Markets arranges $13 million in refinancing for the construction take-out loan for the 54-unit Blend-SD multi-housing project in San Diego, CA

  

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.

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