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Sign in Sign up for a FREE subscriptionHFF arranges $145m financing for San Diego apartment development
HFF has arranged $145 million in construction financing on behalf of Sunroad Enterprises for the development of Centrum Apartments Phase 6, a 442-unit, class A apartment project in San Diego.
HFF worked on behalf of Sunroad Enterprises to arrange the floating-rate construction loan through PCCP.
Centrum Apartments Phase 6 will be the final phase of the 232-acre Centrum Master Plan that encompasses some of San Diego’s newest development and numerous employers. Due for completion in late 2020, the five-story, Type 3A residential building will be situated over a three-story, Type 1A parking structure with one subterranean level. The property is situated on 4.5 acres directly west of Phase 5 at the corner of Kearny Villa Road and Lightwave Avenue in the Kearny Mesa submarket. Planned amenities include a pool and spa area,
