February 26, 2016 Comments Off on Steadfast Receives $95.5M Funding for Luxury Seniors Project Views: 689 California News, Orange County

Steadfast Receives $95.5M Funding for Luxury Seniors Project

Irvine-based Steadfast Companies received $95.5-million in joint-venture equity and construction financing for Crestavilla, a 211-bed, resort-style, fully-licensed seniors housing community under construction in Laguna Niguel.

The luxury, three-story, Spanish Colonial-style development will offer panoramic views of the neighboring Pacific coastal hills, as well as a enviable list of amenities such as restaurants, theaters, a dog park, rooftop gardens and verandas, and limousine service.

Holliday Fenoglio Fowler’s James Fowler, Ryan Maconachy and Chad Lavender arranged a $67.6-million construction loan and a separate $27.9-million joint-venture equity loan with Fremont Realty Capital.

Read More at HFF press release

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