Huge San Jose residential complex lands key loan, construction nears

Huge San Jose residential complex lands key loan, construction nears

2 years ago
Anonymous $R5WK5a8uaN

https://www.siliconvalley.com/2022/03/23/huge-san-jose-590-home-construction-loan-real-estate-develop-transit/

SAN JOSE — A huge residential development that would create nearly 600 homes in San Jose next to a train station has landed a crucial development loan that clears the way for construction to begin within weeks.

The housing development, located at 1330 S. Bascom Ave. in San Jose, has landed a construction loan totaling $284 million, according to Newmark, a commercial real estate firm that arranged the vital financing.