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| James Fowler |
IRVINE, CA – HFF announced it has arranged $72 million in
financing for Vivante on the Coast, a 185-unit, newly-built seniors
housing community in Orange County, California.
HFF
worked on behalf of the borrower and borrower’s affiliated developer, Nexus
Companies (“Nexus”), to secure the three-year, 3.75 percent floating-rate loan
through a specialty finance company.
Vivante
on the Coast is located at 1640 Monrovia Avenue in Costa Mesa, less than a mile
from Hoag Hospital in Newport Beach.
Completed in September 2013, Vivante on the Coast consists of a mixture
of independent, assisted and memory care units.
Community amenities include an indoor saltwater pool, salon,
putting green, theater, lounge, sports bar, yoga and fitness facilities, bocce
ball court, wine lockers, large outdoor courtyards and a 2.5-acre park with
designated dog park. Additional
amenities include a superior culinary program, chauffeur service, 24-hour
concierge, on-site nurses, and pet care.
The HFF team representing the borrower and Nexus was led by
managing director James Fowler and director Charles Halladay.
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| Charles Halladay |
“Vivante on the Coast is well positioned to take advantage
of a supply-constrained market with high barriers to entry. The quality of design, construction and
customer service is unmatched in the market and yet their pricing is very
competitive.
"The experienced and
compassionate team makes Vivante a truly unique option for seniors in our
community,” commented Fowler.
Founded in 1981, Nexus is a real estate development firm
with offices in Santa Ana, California and Phoenix, Arizona. Nexus is a vertically integrated company
that utilizes the experience of its highly talented team in the development of
all real estate product types including office, retail, industrial/R&D,
mini-storage, mixed-use, hospitality, senior living, single-and multi-family
residential, and conversions.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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