JLL and HJ Sims secured $252.1 million in bond financing to support the development of The Marisol, a 214-unit seniors housing project in Huntington Beach.
The Marisol, a new seniors housing community located at 2120 Main St. in Huntington Beach, California, has secured $252.1 million in tax-exempt and taxable bond financing. The project is currently under construction and is slated to deliver 214 residential units along with a full amenity package by 2028.
The capital stack, issued through the California Public Finance Authority, consists of three tranches: $165.7 million in Series A senior bonds, $74.3 million in Series B bonds, and $12.1 million in Series C bonds. HJ Sims acted as the lead book-running manager, while JLL Securities served as co-manager and the JLL Senior Housing Capital Markets team provided real estate advisory services.
Developers have filed updated plans for a residential project at 1728 Larkin Street in the Nob Hill neighborhood of San Francisco.
Eden Housing completes Mitchell Park Place, a 50-unit affordable housing community in Palo Alto featuring supportive services for adults with disabilities.
California Development & Design Inc. plans to replace a Century City residential property with a new apartment building at 2217 South Fox Hills Drive.
Strada Investment Group proposes a 286-unit residential development to replace a 60,000-square-foot life sciences lab in Palo Alto.
Permits have been filed for a new residential infill project at 490 Ellington Avenue in San Francisco's Outer Mission neighborhood.
Elat Properties proposes a 100% affordable housing development featuring 47 units at 1418 S. Mansfield Avenue in Los Angeles' Mid-City neighborhood.
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