JLL Capital Markets has closed the $203 million construction takeout financing for Vive Luxe, a class A, 442-unit, multi-housing community in the Kearny Mesa submarket of San Diego.
JLL represented the borrower, Sunroad Enterprises, to secure the five-year bridge loan.
Built in 2022, Vive Luxe offers studio, one-, two- and three-bedrooms units with fully equipped gourmet kitchens, top-of-the-line stainless-steel appliances, distinctive wood-style flooring, quartz countertops and open-concept living spaces. Additionally, the common areas include a pool clubroom, resort-inspired pool and spa, 24-hour fitness center, a resident wine lounge, and a sky deck and ocean lounge.
Situated at 4890 Sunroad Centrum Lane, the property offers residents convenient highway accessibility with CA-163, I-805, CA-52 and I-163 less than four miles away. In addition to Kearny Mesa, the property is also proximate to other major employment centers, such as the University T
