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CEDARst Companies Secures $80 Million Construction Loan for The Samuel Multifamily Development in San Diego.

PRIVATEAug 15, 2026•1 day ago

Amount Raised

$80 Million

Round Type

Debt Financing

ChicagoReal Estate

Description

CEDARst Companies has closed on an $80 million construction loan to develop The Samuel, a 197-unit multifamily project in North Park, San Diego. This project reflects the growing demand for housing in a vibrant urban area, with construction expected to be completed by September 2028.

Company Information

Company

CEDARst Companies

Location

Chicago, Illinois, United States

About

CEDARst Companies is a nationally recognized multifamily real estate developer and operator. The firm operates across the United States with a portfolio concentrated in various states. Founded by Alex Samoylovich, Will Murphy, and Mark Heffron, it has developed and acquired over 10,000 residential units. CEDARst focuses on high-quality multifamily communities in major urban centers.

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