Wednesday, February 24, 2016

HFF arranges $95.5 million in financing for Southern California seniors housing development

Rendering of planned Crestavilla seniors housing community,
30111 Niguel Road, Laguna Niguel, CA
James Fowler
NEWPORT BEACH, CA – Feb. 24, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $95.5 million in joint venture equity and construction financing for the development of Crestavilla, a 211-bed, to-be-built, luxury, resort-style seniors housing community located in the Orange County community of Laguna Niguel, California.

HFF worked on behalf of the developer, Steadfast Companies, to arrange the $27.9 million joint venture equity capital with Fremont Realty Capital.  In addition, HFF secured the $67.6 million construction loan for the partnership through a local bank.

Crestavilla will be a luxury, fully-licensed seniors housing development with panoramic views of the neighboring Pacific coastal hills.  The three-story, Spanish Colonial-style building will house 61 independent living units, 115 assisted living units and 25 memory care units, totaling 201 units with 211 beds. 

The community will feature a variety of amenities, including four restaurants, two theaters, walking trails, fitness center, salon and spa, dog park, rooftop gardens and verandas, pet care, shuttle and limousine service, medical services and a number of clubs, programs, courses and studios. 

Situated on 11.5 acres at 30111 Niguel Road, the Crestavilla site is 4.5 miles from two acute-care hospitals and 6.5 miles from Saddleback Memorial Medical Center, named in 2015 by Healthgrades as one of America’s 50 Best Hospitals.

The HFF equity and debt placement team representing the developer was led by managing director James Fowler and senior managing directors Ryan Maconachy and Chad Lavender.

“Steadfast Companies, in partnership with Fremont Realty Capital, have already begun construction on what will become the premiere seniors housing project in south Orange County,” Fowler said.  “The location is superb and the planned quality of amenities and construction will be unparalleled.”

  For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

No comments: