JLL Capital Markets arranges $2.53 million financing for San Diego, CA apartments

Emily Pohlman

  

 SAN DIEGO, CA – JLL Capital Markets has arranged a $2.53 million refinancing for The Madison Apartments, a 12-unit, newly renovated multi-housing community in San Diego, California.

 

Working on behalf of the borrower, Pace Properties, JLL placed the three-year, fixed-rate loan with a regional bank.

 

The Madison Apartments are located at 5074-5084 Madison Ave. in the East County submarket, which is home to San Diego State University. This area offers nine trolley stops connecting the submarket to Downtown San Diego, Old Town and the UTC and UC San Diego areas.

Chris Collins 

Recently renovated in 2023, The Madison Apartments consists of eight two-bedroom units and four accessory dwelling units that are studios with loft space. All of the units offer newly renovated kitchens, bathrooms and new flooring.

 

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Chris Collins and Analyst Emily Pohlman.

 

For more news, videos and research resources, please visit JLL’s newsroom.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.                                         

 

 

 

Contact:

 

 

Kristen Murphy,

JLL Director, Public Relations

Phone: +1 617 543 4873

Email: Kristen.Murphy@jll.com

 

jll.com.