Parkview Financial has provided a $28 million construction loan for the development of a 55-unit senior housing project called Paradise Senior Apartments in National City, California. The developer is based in San Marcos.
On a 1-acre site, the project will include 116 one-bedroom units averaging 568 square feet and 10 two-bedroom units averaging 1,137 square feet. The unit interiors will feature stainless steel appliances, wood cabinets, washer/dryer, balcony or patio, plank flooring and other upgrades. The property will feature on-site management and amenities including a lounge area, rooftop deck, and a fitness center, as well as approximately 10,000 square feet of commercial space on the ground floor.
Construction will being in late 2019, and delivery is scheduled in the second quarter of 2021.
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Kelsi Maree Borland
