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Built Development Corp Secures Financing for Downtown San Diego Apartments

JLL Arranges $24.5 Million Financing for Cielo Building
The apartments delivered in April 2021 on one-third of an acre in the Harborview multifamily market of San Diego County. (CoStar)
The apartments delivered in April 2021 on one-third of an acre in the Harborview multifamily market of San Diego County. (CoStar)
By Alison Siwek
CoStar Research
June 21, 2021 | 7:56 P.M.

Built Development Corp. secured a new $24.5 million, floating-rate bridge loan for its 70-unit Cielo Apartments at 915 W. Grape St. in San Diego, California.

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