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June 15, 2024
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Darnell Capital Management Secures $12.6 Mil for San Diego Multifamily Development


Darnell Capital Management is moving forward with a multi-housing development located in San Diego’s Golden Hill neighborhood. The developer obtained $12.6 mil construction financing for the project.

The project will offer a modern design, with a mix of one- and two- bedroom units appealing to local residents. The development is ideally situated between downtown San Diego’s East Village, South Park and Balboa Park.

Residents will have convenient access to Balboa Park, San Diego Convention Center, Petco Park, Plazza Della Famiglia, San Diego Zoo, Seaport Village, Embarcadero and Marina Park. This transit-oriented location provides proximity to I-163, the 94 freeway, I-5 and I-15 and is located less than two miles from both the City College and Park and Market trolley stations.

Chris Collins and Jack Piegza with JLL Capital Markets Debt Placement team arranged the 18-month construction loan through a national bank.

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