Pacific Development and PGIM Real Estate Land $97 Million Construction Loan for Landmark Mixed-Housing Project in Santa Rosa

SANTA ROSA, Calif.–(BUSINESS WIRE)–Jul 30, 2025–

Today, Pacific Development – a prominent, west coast-focused real estate investment and development firm – and its institutional investment partner PGIM Real Estate, announced that they have secured a $97 million construction loan – from Comerica Bank, California Bank & Trust, and First Hawaiian Bank – to bring their latest multifamily and mixed-housing project to life in Santa Rosa, Calif.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250730898613/en/…

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