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PCCP Provides $145M Loan for Development of 442-Unit Multifamily Asset in San Diego

Sunroad-Centrum-Phase6-San-Diego-CA

Sunroad Centrum Phase 6 will feature 442 apartments, a 4,200-square-foot, two-level fitness center, pool and spa, rooftop bar with grill area and outdoor televisions and a business center and conference rooms.

SAN DIEGO — PCCP has funded a $145 million senior loan to Sunroad Enterprises for the development of Sunroad Centrum Phase 6, a seven-story, Class A multifamily community in the Kearny Mesa neighborhood of San Diego.

The 442-unit project is the final phase of the 24-acre Centrum master plan, which includes more than 800 multifamily units and an 11-story office tower. The new multifamily property will feature a 4,200-square-foot, two-level fitness center, pool, spa, rooftop bar with grill area and outdoor televisions, business center lounge, conference rooms, wine room with outdoor patio, game room and pet-grooming center.

Aldon Cole, Tim Wright and Bharat Madan of HFF’s San Diego office arranged the financing.

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