Newmark, a prominent financial services firm, has announced the provision of a significant $58 million Fannie Mae loan. This substantial financing package has been directed towards Everleigh San Clemente, an active adult community located within Orange County. The property is situated in the coastal city of San Clemente, California, a key location for residential development in Southern California. The origination of this loan was spearheaded by a specialized team from Newmark, comprising Lee Redmond, Alec Newman, and Nick Schroeder. These financial professionals structured the loan on behalf of an institutional level joint venture, the sophisticated entity responsible for securing the long-term financing for the completed property. The use of a Fannie Mae loan typically indicates a stable, government-sponsored enterprise-backed financing source for multifamily residential assets.
Everleigh San Clemente is a distinctive residential development, meticulously designed for individuals aged 55 and older. This demographic focus establishes it as an active adult community, catering to a specific lifestyle and housing needs within the Orange County market. The property itself is classified as Class A, indicating a high standard of quality in its construction, design, and amenities, reflecting a premium offering in the local housing landscape. The community, consisting of 150 residences, completed its construction and was successfully delivered in 2023. Its operational status since delivery means it has been serving its intended resident population, providing a valuable and established housing option in the region, now with renewed financial backing.
The strategic location of Everleigh San Clemente offers its residents exceptional convenience and access to a rich array of local amenities. San Clemente is renowned for its natural beauty and recreational opportunities. Residents benefit from direct access to the city’s picturesque beaches, a defining feature of the Orange County coastline, offering avenues for relaxation and outdoor activities. Complementing the coastal environment are various coastal trails, providing opportunities for walking, cycling, and enjoying the scenic ocean views. Furthermore, the community’s proximity to local golf courses caters to recreational interests, while a diverse selection of retail and dining destinations ensures comprehensive access to shopping and culinary experiences. This comprehensive offering of amenities enhances the appeal and functionality of Everleigh San Clemente for its target residents, supported now by this substantial Fannie Mae financing.