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SAN DIEGO — JLL Capital Markets has arranged a $2.5 million refinancing for The Madison Apartments, a 12-unit community in the East County neighborhood of San Diego. JLL placed the three-year, fixed-rate loan with a regional bank. The borrower was Pace Properties. Chris Collins and Emily Pohlman led the JLL Capital Markets Debt Advisory team.
The Madison Apartments is situated at 5074-5084 Madison Ave. The community consists of eight two-bedroom apartments and four accessory dwelling units that are studios with loft space. All units feature recently renovated kitchens, bathrooms and new flooring.