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September 22, 2020
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New Anaheim Res Development Lands $136 Mil in Financing


JPI has obtained a $136 mil loan on Jefferson Platinum Triangle, a new 400-unit multifamily property located in Anaheim. The financing, which was originated by Square Mile Capital Management LLC, will repay JPIís existing construction financing and bridge through stabilization of the property.

Jefferson Platinum Triangle is a new transit-oriented residential community featuring a combination of studio, one-, two- and three-bedroom floor plans, along with 730 parking spaces. Residents have access to a variety of amenities and recreation facilities including two clubrooms, two resort-style pools with spas, two outdoor kitchens, multiple BBQ grilling stations, a traditional fitness gym, a yoga studio and interval training gym, a media room, outdoor fireplaces, a roof-top lounge, a dog wash station, and an adjacent community park.

The property is located in Anaheimís Platinum Triangle, an 840-acre district offering access to transportation, retail, jobs and major entertainment venues. The district is situated among multiple major attractions including Angel Stadium, the Honda Center, the Anaheim Convention Center and Disneyland.

Irving, TX-based JPI recently completed the propertyís four buildings and is nearing completion of the community. JPI, which also maintains a regional office in Southern California, has acquired, developed or is currently developing more than 331 projects. These developments include over 99,000 units located in 140 cities covering 27 states and Canada, and, together, are valued at more than $13.2 bil. In California and Arizona, JPI has previously developed and sold 28 multifamily properties totaling nearly 9,400 units at a total cost of approximately $1.6 bil.

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