Big San Jose apartment project lands key piece of real estate funding

SAN JOSE — A big San Jose apartment project that could sprout in downtown San Jose has landed interim funding while the site’s developer scouts for financing to construct the residences.

Aquino, a 272-unit apartment complex in downtown San Jose, is being developed by Urban Catalyst, a real estate firm that’s active in the Bay Area’s largest city.

The apartment project would be built at the corner of West San Carlos Street and Josefa Street in downtown San Jose.

The latest funding for the development totals $6.1 million, according to documents filed on April 2 at the Santa Clara County Recorder’s Office.

Logan Clark III IRA, with Inspira Financial Trust LLC acting as a custodian, provided the financing, the county real estate records show.

With this interim funding in hand, Urban Catalyst hopes to reach another key milestone for the project sometime in the July-through-September period of this year.

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