JLL Capital Markets has successfully arranged a $2.53 million refinancing for The Madison Apartments, a newly renovated 12-unit apartment community in San Diego. The property, located at 5074-5084 Madison Ave., was recently updated in 2023 and offers eight two-bedroom units and four studio units with loft space. All of the units feature modern kitchens, bathrooms, and flooring.
Working on behalf of borrower Pace Properties, JLL secured a three-year fixed-rate loan from a regional bank through its Debt Advisory team led by Senior Director Chris Collins and Analyst Emily Pohlman.
The East County submarket where The Madison Apartments is situated is home to San Diego State University and boasts nine trolley stops connecting it to Downtown San Diego as well as Old Town, UTC area,and UC San Diego campus areas. This prime location adds value to the property’s investment potential.
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