JLL Capital Markets has successfully secured $51.1 million in construction financing for a luxury active adult condo development located at 375 W El Pintado in Danville. Led by director Matt Cimino and senior managing director Jordan Angel, the team represented the borrowers – Jeff Stone of Diamond Construction Inc. and three high-net-worth individuals – in securing funding from a lender based in Southern California.
The project will consist of 50 units, including one-bedroom, two-bedroom, and three-bedroom condominium-style residences with upscale amenities such as a lounge area, game room, library, rooftop terrace with bocce ball court and firepits for outdoor entertainment. The property is exclusively available to residents aged 55 or above and is expected to be completed by 2025.
Conveniently situated within walking distance from downtown Danville’s fine dining options as well as luxury boutiques and weekly farmer’s market events at the nearby shopping center anchored by Trader Joe’s supermarket. Additionally,the location offers easy access to four country clubs within just a short drive away for residents’ enjoyment.
This news was originally published on Connect CRE website.
