February 28, 2017
Newport Beach, CA-based Lyon Living secured $388.4 million in long-term financing for a portfolio of seven multifamily communities totaling 2,152 units, including six in Orange County, CA and one in Colorado. Loan proceeds refinanced expiring debt on the properties, and each loan has a fixed-rate, 10-year term with a minimum of five years of interest-only payments.
HFF’s Charles Halladay, Sebastian Trujillo and Lauren LaFever worked on behalf of the borrower to secure the financing in seven separate loans placed with Freddie Mac’s CME Program. The securitized loans will be serviced by HFF.
The California portfolio includes Trabuco Highlands in Trabuco Canyon (184 units), The Vineyards in Anaheim (304 units), The Arbors in Lake Forest (328 units), Sedona in Placentia (240 units), Monarch Coast in Dana Point (418 units), and Capistrano Pointe in San Juan Capistrano (274 units).
For comments, questions or concerns, please contact Dennis Kaiser