Construction debt and JV equity arranged for Diamond Construction’s premier 85-residence luxury condominium in Lafayette, California

SAN FRANCISCO, June 18, 2026 – JLL Capital Markets announced today that it has arranged $60.5 million in construction financing and additional joint venture equity for the development of Project Oak Hill, an 85-residence, for-sale luxury condominium in the heart of downtown Lafayette, California. 

On behalf of Diamond Construction, the Bay Area’s premier developer of design-driven luxury residences and a fully vertically integrated builder whose in-house control of design, construction and delivery gave its capital partners added confidence in the project’s execution, JLL arranged the construction loan with Centennial Bank and secured PCCP as the joint venture equity partner.

Scheduled for completion in summer 2028, Oak Hill will deliver a meticulously crafted collection of 23 one-bedroom, 41 two-bedroom and 21 three-bedroom residences, including 11 below-market-rate units, along with 2,000 square feet of ground-floor retail. The project will feature striking contemporary architecture, bespoke high-end finishes and a resort-caliber amenity collection that includes a golf simulator, a private conference room, an elegantly appointed library, an indoor and outdoor fitness center, communal landscaped outdoor living rooms and workspaces, a Japanese-inspired Zen garden, fire pits, a private dog run, a bike-share program, and a private, elevated outdoor lounge framing views of Mt. Diablo. Consistent with Diamond Construction’s uncompromising commitment to quality and design, Oak Hill will carry the same impeccable craftsmanship and luxury finish that have made the developer the premier name in design-driven living across the Bay Area.

Located in the heart of downtown Lafayette, Oak Hill places residents just steps from the city’s celebrated collection of acclaimed restaurants, wine bars, cafes, and boutiques along Mt. Diablo Boulevard. The Lafayette BART station sits only steps from the front door, putting residents aboard a direct train that reaches Embarcadero,San Francisco’s first stop across the bay, in roughly 30 minutes, while Highway 24 offers seamless regional connectivity across the Bay Area. The project also benefits from access to top-rated public schools, a key driver of long-term residential demand.

JLL’s Capital Markets Debt and Equity Advisory team was led by Matt Cimino and Jordan Angel.

JLL’s Capital Markets group 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 — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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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. 

Diamond Construction is a second-generation, vertically integrated Bay Area development and construction company led by Jeff Stone, who has grown the firm into one of the East Bay’s premier developers of design-driven luxury residences. Founded in 1985 by Keith Stone, Diamond has delivered premium residential and commercial projects for over four decades, earning a reputation for craftsmanship, quality, and an uncompromising commitment to design. As a vertically integrated developer, Diamond controls its own land acquisition, design, entitlement, financing, construction, and sales.  Diamond has set the benchmark for luxury condominium living across Lafayette and Danville, with a portfolio that includes Blue Oak and Lucas Ranch in Lafayette and The Nova in Danville. Oak Hill continues that track record of high-quality, thoughtfully designed residential communities.