Luxury Long Beach multifamily asset, 200 W Ocean, secures $46.25M refinancing

LOS ANGELES, April 30, 2026 –  JLL Capital Markets announced today that it has closed a $46.25 million refinancing for 200 W Ocean, a 106-unit luxury multifamily asset in Downtown Long Beach, California.

JLL represented the borrower in securing the three-year, floating-rate loan.

200 W Ocean, located in the heart of Downtown Long Beach, is an adaptive reuse of a former Class-B office building transformed into 106 luxury residential units atop a three-story subterranean garage. The property sits within walking distance of the Metro Blue Line, Pine Avenue's entertainment district and the city's deep employment base, including the ports of Los Angeles and Long Beach, Molina Healthcare and California State University, Long Beach.

Long Beach continues to benefit from unprecedented investment momentum as the city prepares for the 2028 Olympic Games. The Elevate '28 initiative is driving transformative infrastructure improvements, including $145 million for the new Belmont Aquatic Center and $80 million for Convention Center upgrades. Private investment is following, with projects such as the $700 million Hard Rock Hotel and $100 million Pike Outlets redevelopment, all within walking distance of 200 W Ocean.

The property, delivered in August 2022, features floor-to-ceiling windows, a podium-level amenity deck with pool and fireplaces, ocean-view balconies in 60 percent of units, quartz countertops, hardwood flooring, a state-of-the-art fitness center and smart entry features.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Jeff Sause, Associate Jacob Michael and Analyst Thomas Gonzalez.

"The successful refinancing of 200 W Ocean demonstrates the continued strength and investor confidence in Downtown Long Beach's luxury multifamily market," said Sause. "The property's best-in-class amenities and strategic location position it to benefit from the significant public and private investment flowing into the area ahead of the 2028 Olympics."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.