Sonnenblick-Eichner Co. procured the loan for the upscale University City Village Apartments near La Jolla. The 75-acre property includes amenities such as a nine-hole, par-three golf course.
The project has recently received approval to increase its density from 542 units to 1,109 units, plus an 80-unit assisted-living facility.Sonnenblick-Eichner Co. has been retained as the exclusive agent for University City Village Apartments to secure construction financing for the $86-million redevelopment. "We have also received interest from many national multifamily development companies seeking a strategic alliance with our client for the redevelopment. These inquiries are under consideration," Sonnenblick adds. The financing was provided by CDC Mortgage Capital Inc.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
