Lillian Roos
LOS ANGELES, CA, Nov. 28, 2023 – JLL Capital Markets has arranged the $51 million construction takeout financing for Mossdale Landing Apartments, a recently completed, Class A, 204-unit, garden-style apartment community located in Lathrop, California.
JLL represented the borrower, Mossdale
Landing Owner LLC, a company comprised of Rubik Built, Wright Equities and The
Grupe Company, to secure the three-year bridge loan through MF1 Capital.
Completed in summer 2023, the
10-building Mossdale Landing Apartments features one-, two- and three-bedroom
units with high-end interiors, spacious private balconies/patios and in-unit
washers and dryers.
Jeff Sause
Situated at 18008 Golden Valley Pkwy,
Mossdale Landing is located on a 9-acre site along Highway 5 and is just two
miles from the regional ACE rail station, allowing an easy commute to the major
employment hubs in Bay Area. Numerous top employers are within a 10-minute
radius of the site, including Kaiser Permanente, Tesla and Amazon.
The property is also just a two-minute
drive from the 185,000-square-foot Lathrop Towne Center retail development and
the under-construction retail at Lathrop Marketplace, along with several other
large retail centers and parks.
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| Jalynn Borders |
The JLL Capital Markets Advisory Team
representing the borrower was led by Senior Managing Director Jeff Sause,
Director Lillian Roos and Analyst Jalynn Borders.
“The sponsor team has done an
exceptional job delivering highly amenitized, Class A product into the
supply-constrained submarkets of the Central Valley, exemplified by the
impressive leasing demand at Mossdale and their other nearby projects,” said
Roos.
CONTACT:
Jenna Sharp
JLL,
Public Relations
Dallas,
Texas
M
+1 214 394 3356