JLL Capital Markets announced that it has arranged a $5.11 million refinancing for 330 S. Home Street, a 21-unit multifamily community in Oceanside, California.
JLL worked on behalf of the borrower, a joint venture between Westview Real Estate, led by Rob Perkins and Pace Properties, led by Matt Pace, to secure the three-year, fixed-rate loan through a regional bank.
The property is approximately 30 miles north of Downtown San Diego in the North County submarket and has easy access to the San Diego Freeway and State Highway 78, as well as a nearby Amtrak station providing access to all of greater Southern California. For residents that enjoy the coastal lifestyle, 330 S. Home Street is less than one mile from the beach and close to numerous restaurants, retail amenities, the Oceanside Pier and outdoor activities such as surfing, biking, hiking, boating and more.
Parking is available on-site and includes eight garage spaces. Individual units average 715 square feet each and feature new kitchens with modern appliances and renovated bathrooms with high-end fixtures. On-site amenities include a surf shower, secure electric bike parking, common area grill and LA-inspired artwork featured throughout the community.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Chris Collins and Analyst Emily Pohlman.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
