JLL Arranges Construction Loan for San Diego-Area Townhomes

Director Chris Collins arranged the financing on behalf of Responsible Residential for its property in Santee, Calif.
Carlton Oaks Townhomes. Image courtesy of JLL 

JLL Capital Markets has secured a $3.5 million loan for the construction of Carlton Oaks Townhomes in Santee, Calif. Director Chris Collins lead the JLL team representing the borrower, Responsible Residential.

The community will comprise two three-story buildings, with three-bedroom units. Averaging at 1,477 square feet, the townhomes will offer two-car garages with electrical vehicle charging available. All units will include washer/dryers and stainless-steel appliances, while some will offer balconies and private patios.

The site is located on the northeast corner of Carlton Oaks Drive and E. Heaney Circle, within a 2-mile radius of central Santee and Gillespie Field Airport. A prominent Costco-, Walmart- and Target-anchored retail cluster is less than a mile away. Downtown San Diego is roughly 20 miles southwest of the parcel.

Earlier this year, JLL arranged construction financing for a 232-unit luxury community in Portland, Ore. Alamo Manhattan is the developer for Block 40 in the South Waterfront District.

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