 |
| The Marke at South Coast Metro, 100 East MacArthur Boulevard, Santa Ana, CA |
IRVINE, CA – HFF announced today that it has arranged
$166.66 million in combined financing for two recently-constructed, Class A
multi-housing communities totaling 670 units in Southern California.
 |
| Palomar Station, 1257 Armorlite Drive, San Marcos, CA |
HFF
worked on behalf of Lyon Communities to secure the $88 million, 10-year, 3.32
percent, fixed-rate loan for The Marke at South Coast Metro and the
$78.66 million, 10-year, 3.32-percent, fixed-rate loan for Palomar Station.
Both loans were
financed through Freddie Mac’s premiere lease-up program. The Marke and Palomar Station were 63 and 55
percent occupied at closing, respectively.
The Marke at South Coast Metro is Lyon’s flagship lifestyle
community. Situated on 4.44 acres at
100 East MacArthur Blvd in Santa Ana, which is in Orange County’s South Coast
Metro region, the property is near major arteries such as Interstate 405 and
California 55.
 |
| Ryan Capretta |
Completed in 2014, the building’s 300 units are composed of
168 one-, 118 two- and 14 three-bedroom units averaging 917 square feet.
The resort-style property features a
saltwater pool with an outdoor theater, private cabanas, outdoor fire pits and
dining tables; a clubhouse with bowling lanes, billiards, Ping-Pong, arcades, a
bar/restaurant and an elite training facility with NFL Combine trainer Ryan
Capretta of Proactive Sports Performance.
On the main level, two courtyards with gas barbecues,
outdoor fire pits and seating offer residents another common area.
Services include customized health and
fitness programs, food and beverage service, event planning, housekeeping and
pet services including walking, grooming and care.
The property consists of five levels of living area surrounding a
six-story parking garage with one subterranean level.
Palomar Station, a 370-unit lifestyle community, is Lyon’s
newest development. Located at 1257
Armorlite Drive in San Marcos, it’s approximately 35 miles north of San Diego
and is just one block from Palomar College and the Sprinter Commuter Rail,
which connects services to and from downtown San Diego, in addition to Orange
County and Los Angeles.
 |
| Charles Halladay |
The 16 buildings
each have three stories and house 186 one-, 140 two- and 44 three-bedroom units
averaging 931 square feet.
Completed in
2014, the property features two resort-style pools, a spa, two e-business
centers, pet spa, conference center, outdoor TV wall, fitness center, Wi-Fi
access in outdoor areas, game room, fire pits, bike storage, barbeques and an
entertainment area.
Additionally,
Palomar Station includes in-line retail and private parking.
The
HFF team representing the borrower was led by managing director Charles
Halladay and real estate analyst Sebastian Trujillo.
From
beachfront towers to inviting garden-style neighborhoods, Lyon Communities
provides award-winning rental living experiences tailored to evolving consumer
lifestyles. Its apartment communities
comprising approximately 8,000 homes are located in many of California,
Colorado, Georgia and Florida’s most desirable locations. For more information, visit www.lyoncommunities.com.
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
No comments:
Post a Comment