**JLL Arranges $34.1M Construction-to-Perm Loan for SixSixty Medical Building in Sacramento**
JLL Capital Markets has successfully arranged a $34.115 million construction-to-permanent loan for SixSixty, a newly redeveloped Class A medical office building located in downtown Sacramento. The loan, which spans a seven-year term, was secured through Siemens Financial Services. JLL’s senior managing directors Jeff Sause and John Chun represented the borrower in the financing transaction.
The borrower comprises a joint venture between RevOZ Capital, the opportunity zone investment platform of Revitate, and Argosy Real Estate Partners.
Located at 660 J Street in the heart of Sacramento’s Downtown Commons (DoCo) entertainment and lifestyle district, SixSixty is situated in one of the city’s most vibrant and rapidly transforming neighborhoods. Over the last decade, the area has undergone significant redevelopment, highlighted by the construction of the award-winning Golden 1 Center and the creation of the bustling DoCo retail, dining, and hospitality hub.
Originally constructed in 1984, the 124,076-square-foot building underwent a complete renovation following the borrower’s acquisition in 2020. Thanks to these upgrades and the property’s premier location, SixSixty has achieved a 97% lease-up rate, with the majority of its space now occupied by one of the nation’s largest health systems.
The loan will support the continued redevelopment and long-term stability of this flagship project at the center of Sacramento’s revitalized downtown.
