JLL Capital Markets has successfully secured $51.1 million in construction financing for the development of 375 W El Pintado, a luxurious active adult condominium project located in Danville. The borrowers, including Diamond Construction Inc.’s Jeff Stone and three high-net-worth individuals, were represented by a team led by director Matt Cimino and senior managing director Jordan Angel.
The highly anticipated development will consist of 50 units designed specifically for adults over the age of 55. These units will include one-bedroom, two-bedroom, and three-bedroom options with top-of-the-line amenities such as a lounge area, game room, library space,and rooftop terrace featuring bocce ball courts,fireside seating areas,a barbecue station,and fitness center.The completion date is set for2025.
Situated within walking distance to downtown Danville,the property offers easy access to upscale dining establishments,luxury boutiques,a weekly farmer’s market,and Trader Joe’s shopping center.Additionally,residents can take advantage of membership opportunities at four country clubs located within just15 minutes from the property.
This recent achievement marks another successful venture for JLL Capital Markets as they continue to secure funding solutions that drive growth in real estate developments across various markets.
