Buchanan Mortgage Holdings, LLC provided a $46,500,000 (79% LTC; 69% LTV) non-recourse construction loan to finance the development of a 149-unit, Class A multifamily property in San Diego, CA. Upon completion, the property will consist of nine residential stories with 16 affordable units and 133 market-rate units featuring premium finishes and private balconies. Community amenities will include secured structured parking, a fitness center/recreation room, dedicated tenant storage, a third-floor courtyard, and a rooftop lounge. The sponsor is an experienced San Diego-based owner-builder that has successfully developed numerous multifamily projects within the San Diego market on behalf of themselves and third-party clients.