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Residential Condominium Construction Project

San Jose, CA

Condo - Construction

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San Jose, CA

Residential Condominium Construction Project

CONDO - CONSTRUCTION

ACRES funded a first mortgage construction and condominium sellout loan secured by a 1.8-acre site, approved and currently under construction. The property will span five stories, and will be comprised of the following amenities:

  • Unit mix of 17 one-bedroom/one-bathroom units, 71 two-bedroom/two-bathroom units, and 8 three-bedroom/two-bathroom units
  • Controlled-access entry
  • A fitness center, outdoor pool, clubroom, lounge, courtyard, decks, and bike storage facility

The property is located within the Willow Glen, one of San Jose’s most popular neighborhoods, featuring a historic, walkable downtown area with numerous retail and dining options.

$41.875 Million

Loan Amount

18 Months

Loan Term

Bridge Loan

Loan Product

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