JLL Arranges Debt, Equity for Luxury Condo Development in Downtown Lafayette
JLL Capital Markets has arranged $60.5 million in construction financing and additional joint venture equity for the development of Project Oak Hill, an 85-residence luxury condominium in downtown Lafayette. A JLL Capital Markets Debt and Equity Advisory team led by Matt Cimino and Jordan Angel arranged the construction loan with Centennial Bank and secured PCCP as the joint venture equity partner on behalf of Diamond Construction.
Scheduled for completion in summer 2028, Oak Hill will deliver 23 one-bedroom, 41 two-bedroom and 21 three-bedroom residences, including 11 below-market-rate units, along with 2,000 square feet of ground-floor retail. The project will feature an amenity collection that includes a golf simulator, a private conference room, an indoor and outdoor fitness center, communal landscaped outdoor living rooms and workspaces, a Japanese-inspired Zen garden, fire pits, a private dog run, a bike-share program, and a private, elevated outdoor lounge.
The Lafayette BART station sits only steps from the front door, putting residents aboard a direct train that reaches Embarcadero, San Francisco’s first stop across the bay, in roughly 30 minutes.
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Transwestern, Newquest Advancing Kyle Mixed-Use Project
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Leon Multifamily Building 343-Unit N. Phoenix Venture
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout