California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Bay Area  + Finance  | 

Active Adult Condo Project Lands $51M Financing

 JLL Capital Markets arranged $51.1 million in construction financing for 375 W El Pintado, a 50-unit, active adult luxury condo development in Danville. A team led by director Matt Cimino and senior managing director Jordan Angel represented the borrowers, Jeff Stone of Diamond Construction Inc. and three high-net-worth individuals, in securing the financing from a Southern California-based lender.

The development will be comprised of 13 one-bedroom, 29 two-bedroom and eight three-bedroom condominium-style unit, with amenities that include a lounge, game area, library, rooftop terrace with bocce ball, firepits, barbecue and fitness center. The project is deed restricted to owners above age 55 and is planned to deliver in 2025.

375 W. El Pintado is walking distance from Danville’s downtown with convenient access to fine dining, many luxury boutiques, a weekly farmer’s market and a shopping center anchored by Trader Joe’s. In addition, residents can join one of four country clubs within a 15-minute drive of the property.

Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.

Read More News Stories About: JLL
Connect

Inside The Story

JLL's Cimino

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
New call-to-action
New call-to-action
New call-to-action
New call-to-action