JLL Capital Markets arranges $28 million construction take-out financing for the 94-unit Casa Verde in the North Park neighborhood of San Diego, CA

  

Olga Walsh

SAN DIEGO, CA, Aug. 21, 2023 – JLL Capital Markets announced today that it has arranged the $28 million construction take-out financing for Casa Verde, a 94-unit, modern, urban infill apartment community located in the North Park neighborhood of San Diego, California.

 

JLL represented the borrower, Champion Real Estate Investments, to secure the non-recourse floating-rate bridge loan.

 

Casa Verde is located at 3066 North Park Way and sits at the center of San Diego’s highly desirable North Park neighborhood, within walking distance to over 100 dining and entertainment venues.

 

Jack Wood

Additionally, Casa Verde is within close proximity to the I-5, I-805 and multiple public transit options, providing tenants with easy access to area’s employment clusters, cultural attractions and other hallmarks of the San Diego lifestyle.

The community consists of studio and one-bedroom units, along with 3,000 square feet of restaurant space on the ground floor.

 

The JLL Capital Markets Debt Advisory team was led by Director Olga Walsh and Analyst Jack Wood.

 

CONTACT:

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com