JLL Capital Markets arranged a $2.53-million refinancing for The Madison Apartments, a 12-unit, newly renovated apartment community located at 5074-5084 Madison Ave. in San Diego. Working on behalf of the borrower, Pace Properties, JLL placed the three-year, fixed-rate loan with a regional bank.
The JLL Capital Markets Debt Advisory team representing the borrower was led by senior director Chris Collins and analyst Emily Pohlman.
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 property is located in the East County submarket, 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.
The post JLL Arranges Refi on East County Apartments appeared first on Connect CRE.
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