ORIX Real Estate Americas announced the closing of a $25.75 million construction loan that will be used to build a 101-unit multifamily property in downtown San Jose, California. The developer plans to complete the project by summer 2017, and the project will serve the Greater Silicon Valley market.
“We’re really excited about this project due to its strong location and demand drivers,” said Adam Diamond, Director – Originations for ORIX Real Estate Americas. “We feel that this will be a great opportunity for us.”