JLL Capital Markets Secures $203M Refinance Loan for 442-Unit Vive Luxe Apartment Community in San Diego Market

SAN DIEGO, Calif. – JLL Capital Markets today announced that it has closed $203 million in financing for the construction of Vive Luxe, a 442-unit Class A multi-unit community in San Diego’s Kearny Mesa submarket. , in California.

JLL represented the borrower, Sunroad Enterprises, to guarantee the five-year bridge loan.

Built in 2022, Vive Luxe offers studio, one-, two-, and three-bedroom units with fully equipped gourmet kitchens, high-end stainless steel appliances, distinctive wood floors, quartz countertops, and spacious living areas. open plan living. Additionally, common areas include a pool club room, resort-inspired pool and spa, 24-hour fitness center, resident wine lounge, and viewing deck and ocean lounge.

Located at 4890 Sunroad Centrum Ln., the property offers residents convenient freeway access with CA-163, I-805, CA-52 and I-163 within four miles. In addition to Kearny Mesa, the property is also close to other major employment centers, such as University Towne Center/La, Sorrento Valley/Sorrento Mesa, Mission Valley, and downtown San Diego. Residents benefit from proximity to Montgomery Field Airport and San Diego International Airport.

The JLL Capital Markets Debt Advisory team representing the borrower was led by senior managing directors Aldon Cole and Tim Wright, partner Bharat Madan and analyst Mariah Feghali.

“This funding concludes the final capitalization on one of the most high-profile infill developments in recent San Diego history,” Cole said. “The debt market aggressively pursued the opportunity and maintained conditions during a volatile period in the market, underscoring the irreplaceable long-term nature of this marquis development.”