June 2, 2017 Comments Off on Construction Financing Secured for MF by Anaheim’s Angel Stadium Views: 483 California News, National News, West

Construction Financing Secured for MF by Anaheim’s Angel Stadium

San Diego-based JPI secured construction financing for Jefferson Stadium Park’s Phase II, consisting of 376 luxury apartment homes, including 12 live-work units, in Anaheim, CA. The community is located on a prime 17.6-acre site within the Platinum Triangle area, directly adjacent to Angel Stadium.

The Jefferson Stadium Park Phase II finance closing, which represents a total Phase II investment of $132 million, follows the development’s Phase I finance closing, with an investment of $128 million.

The financing was provided by Pasadena-based East West Bank, as well as Santa Rosa, CA-based First Community Bank.

Jefferson Stadium Park, a master-planned development, will consist of three phases, encompassing 1,079 luxury apartment homes, a 1.1-acre public park, as well as 14,600 square feet of community-oriented retail space.

Read more at PR Newswire

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