ANAHEIM, CA—Square Mile Capital Management LLC has originated a $136-million loan secured by Jefferson Platinum Triangle, a new 400-unit multifamily property here with JPI as the sponsor. The loan will repay JPI's existing construction financing and bridge through stabilization of the property.

JPI, a multifamily developer based in Irvine, TX, with a regional office in Southern California, recently completed Jefferson Platinum Triangle's four buildings and is nearing completion of the project, a new, transit-oriented residential community with a combination of studio, one-, two- and three-bedroom floor plans and 730 parking spaces.

Residents of the community will have access to a variety of amenities and recreational facilities including two clubrooms, two resort-style pools with spas, two outdoor kitchens, multiple BBQ grilling stations, a traditional fitness gym, a yoga studio and interval training gym, a media room, outdoor fireplaces, a roof-top lounge, a dog-wash station and an adjacent community park. The property is located in the Platinum Triangle, an 840-acre district within Anaheim offering access to transportation, retail, jobs and major entertainment venues. The district is situated near Angel Stadium, the Honda Center, the Anaheim Convention Center and Disneyland.