For more information on Pacific Life Real Estate Investments please visit. For additional company information, including current financial strength ratings, visit Pacific Life has a demonstrated track record in providing debt and equity capital for the acquisition and development of select real estate properties. companies as its clients and has been named one of the 2022 World’s Most Ethical Companies® by the Ethisphere Institute. Pacific Life counts more than half of the 100 largest U.S. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.įor more news, videos and research resources on JLL, please visit our newsroom.įor more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. “In turbulent times, there’s always a flight to quality, and Miro is the highest quality apartment community ever built in San Jose.” “There was an incredible amount of enthusiasm from lenders for this property, and Pacific Life was willing to provide long-term, fixed-rate financing while Miro is still in lease-up,” said Roth. The JLL Capital Markets Debt Advisory team representing the borrower was led by Charles Halladay, Brandon Roth, Lillian Roos, Spencer Bergthold and Elijah Lax. We received a great pairing with Pacific Life, and we’re excited to embark on this new relationship.” The ground floor of the tallest building in San Jose features a Starbucks and future full-service Italian restaurant and bar by Vine Hospitality.Īccording to Bayview Development Group, “This exceptional JLL team executed on both a challenging construction loan due to the pioneering nature of this project and this more recent permanent financing, in an unusually volatile market. Differentiating community amenities include nearly an acre of outdoor space, a pool and fitness deck, two rooftop sky lounges and a private art gallery. The bold and modern designed two-tower 28-story Miro features studio-, one- and two-bedroom units averaging 933 square feet with floor-to-ceiling windows, contemporary Italian cabinetry and gracious balconies. JLL represented the borrower, Bayview Development Group, to secure financing through Pacific Life. SAN FRANCISCO, J– JLL Capital Markets announced today that it has arranged the $345 million refinancing for Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose, California.
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