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.