SAN DIEGO, CALIF. — Sunroad Enterprises has secured $188 million loan for Vive Luxe, a 442-unit property in San Diego. Aldon Cole, Tim Wright and Bharat Madan of JLL Capital Markets represented the borrower in arranging the five-year, fixed-rate loan from accounts managed by global investment firm KKR.
Built in 2021 at 4890 Sunroad Centrum Lane, Vive Luxe rises five stories. The community offers one-, two- and three-bedroom apartments ranging from 726 to 1,122 square feet. Of the total unit count, 23 have been set aside as affordable housing. Income restrictions for these units were not disclosed. The property is currently 95 percent occupied.
Each unit includes stainless steel appliances, quartz countertops and open concept floor plans. Residents also have access to community amenities such as a pool with clubroom and spa, fitness center, wine lounge, sky deck and ocean lounge.