IRVINE, CA – HFF announced today that it has arranged a $22.8 million mezzanine financing for the development of The Marke at South Coast Metro (top left photo), a 300-unit, Class A multi-housing community under construction in Santa Ana, California.
HFF worked exclusively on behalf of Lyon Communities to secure the three-year mezzanine loan through Pearlmark Real Estate Partners.
The Marke at South Coast Metro is located on a 4.44-acre site at the corner of Main Street and MacArthur Boulevard off the 55 Freeway in Santa Ana.
The four and five-story complex will have one-, two- and three-bedroom units averaging 950 square feet each.
Residents will have access to a rooftop pool with clubhouse, fitness facility, movie theater, billiards and card room, video game room, two bowling lanes, e-business center, demonstration kitchen, pet grooming spa and full service “Café Deli” and convenience shop.
The Marke at South Coast Metro also includes a 660-space parking garage.
The HFF team representing Lyon Communities was led by directors Mark Erland (lower right photo) and Charles Halladay (lower left photo).
For a complete copy of the company’s news release, please contact:
KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
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