JLL Capital Markets announced that it has arranged $60.5 million in construction financing and additional joint venture equity for the development of Project Oak Hill, an 85-residence, for-sale luxury condominium in the heart of downtown Lafayette, Calif.
On behalf of Diamond Construction, a Bay Area developer of luxury residences and a fully vertically integrated builder with in-house control of design, construction and delivery, JLL arranged the construction loan with Centennial Bank and secured PCCP as the joint venture equity partner.
Scheduled for completion in summer 2028, Oak Hill will deliver 23 one-bedroom, 41 two-bedroom and 21 three-bedroom residences, including 11 below-market-rate units, along with 2,000 square feet of ground-floor retail. The project will feature amenities including a golf simulator, a private conference room, a library, an indoor and outdoor fitness center, communal landscaped outdoor living rooms and workspaces, a Japanese-inspired Zen
