Centrum Apartments Centrum Apartments

Developer Sunroad Enterprises has secured a $145 million construction loan for the sixth and final phase of its 232-acre Centrum Master Plan community in San Diego. The final phase will consist of Centrum Apartments, a 442-unit class-A apartment complex, which will deliver in late 2020. It will feature a pool, spa area, sky deck and fitness center among a suite of amenities.

PCCP funded the construction loan with an undisclosed floating rate. HFF debt placement team senior managing directors Aldon Cole and Tim Wright and associate Bharat Madan secured the funding on behalf of Sunroad.

The Centrum Master Plan has been a 20-year development. According to brokers, it is one of the most highly amenitized housing projects in the country, and has immediate access to job centers and retail amenities.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.