California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
$54M Construction Financing Set for Vista MF Development
Construction financing and joint venture equity are now in place for the development of Persea, a 305-unit, garden-style multi-housing community in Vista, CA. HFF arranged the joint venture partnership between LLJ Ventures and Orion Pacific Investments, LLC and secured a $54 million construction loan with Bank OZK.
Persea is located at 1333 North Santa Fe Ave. in the heart of North County San Diego. The site has direct access to State Route 78, and the transit-oriented community is within walking distance of two Sprinter light rail stations.
Upon completion, the property will feature three-story garden apartment buildings with studio, one and two-bedroom units. Planned community amenities include a clubhouse and game room; a resort-style pool with cabanas, fire pits and gas bbq grills; cabana-style lounge; two-level gym with an outdoor component; a group-fitness and yoga studio; and a roof deck and lounge.
HFF’s Patrick Burger and Olga Walsh represented the borrower.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development




