Monday, February 23, 2015

HFF arranges $166.66 million combined financing for recently-constructed Class A residential buildings in Southern California


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

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