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California  + San Diego  + Finance  | 

Responsible Residential to Develop Townhomes in Santee

El Cajon-based Responsible Residential secured $3.45 million in construction financing for development of the Carlton Oaks Townhome in East San Diego County. The 10-unit for-rent community will consist of two three-story buildings at Carlton Oaks Dr. and E. Heaney Circle in Santee.

Responsible Residential’s Bryan T. Underwood says, “We are pleased to bring much-needed housing to the Santee market and look forward to doing our part to increase the housing supply throughout San Diego.”

Each townhome averages 1,477 square feet and includes three bedrooms with three-and-a-half baths and features a two-car garage. Units are also pre-wired for electric vehicle charging and have en-suite bathrooms for all bedrooms, stacked in-unit washer and dryer, stainless-steel appliances, chrome and brushed nickel fixtures and carpet and luxury vinyl flooring with some units including balconies and personal patios.

JLL Capital Markets’ Chris Collins worked on behalf of the borrower to secure the loan through a private lending source.

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Inside The Story

Connect With Responsible Residential’s UnderwoodConnect With JLL Capital Markets’ Collins

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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