JLL Lines Up $144M Construction Loan for Santa Ana Multifamily

 JLL Capital Markets recently arranged a $144-million construction loan for The Carina, a 408-unit multifamily development project in Santa Ana. Senior director Jamie Kline, director Charlie Vorsheck, senior analyst Nick Englhard and analyst Charlie Paul, Affinius Capital, in securing the three-year, floating-rate loan through QuadReal.

The Carina, located at 2828 N. Main St. in Santa Ana, is positioned adjacent to MainPlace, a prominent mixed-use retail, dining and entertainment destination. The property offers ready access to Interstate 5, State Road 55 and State Road 22, providing residents with connectivity to Northern and Southern Orange County, Los Angeles, San Diego and the Inland Empire. 

National real estate company Lowe is managing the development of The Carina. Upon completion, The Carina will rise across nine levels with Type III construction over Type I podium, including one level of below-grade parking. The community will feature a mix of studios, one- and two-bedroom apartments.

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