Buchanan Mortgage Holdings LLC helped secure a $46.5 million construction loan for a 149-unit multifamily development in San Diego. The three-year floating-rate construction loan was sponsored by Murfey Co. The $46.5 million loan is specifically financing Stella Apartments, a new apartment development at 3104 El Cajon Blvd. in San Diego.

Buchanan Mortgage Holdings, LLC (BMH), an affiliate of Buchanan Street Partners, L.P., provided a $46.5 million construction loan for Stella Apartments, a 149-unit multifamily development in San Diego, California. The sponsor, Murfey Company, was represented by JLL Capital Markets to secure the three-year, floating-rate construction loan.