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TriForge Secures $34M in Construction Financing for Silicon Valley MXU
JLL arranged $34-million in debt financing for the development of 7EMPIRE, a 97-unit, Class A, art-focused multi-housing community in San Jose. JLL worked on behalf of the developer, TriForge Capital Partners, to secure the 13-year, fixed-rate construction-to-permanent loan with Guardian Life Insurance Company of America.
The project is currently under construction at 525 North 7th St. on the only remaining infill site in San Jose’s burgeoning Japantown neighborhood. The location provides direct connections to transit options linked to nearby Silicon Valley employment centers.
Due for completion in 2021, the USGBC LEED-designed property will encompass a mix of modish, forward-thinking residential dwellings, a 5,000-square-foot publicly accessible sculpture and street art park, entry plaza retail and 131 parking spaces
TriForge Capital Partners is led by development groups LandForge and developURBAN. JLL’s debt placement team representing the developer was led by Chris Gandy. JLL previously coordinated venture equity on behalf of the developer.
Connect Direct-to-Consumer is coming up next month at San Jose’s Santana Row. Get more information and register for the September 26th event on this link.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development




