NEWPORT BEACH, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $388.421 million in combined financing for a seven-property multi-housing portfolio totaling 2,152 units in Orange County, California, and Colorado.
HFF worked on behalf of Lyon Living to secure the financing in seven separate loans placed with Freddie Mac’s CME Program. The securitized loans will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans. Loan proceeds were used to refinance expiring debt on the properties and each loan has a fixed-rate term of 10 years with a minimum of five years of interest-only payments.
The portfolio comprises Trabuco Highlands in Trabuco Canyon, California (184 units); The Vineyards in Anaheim, California (304 units); The Arbors in Lake Forest, California (328 units); Sedona in Placentia, California (240 units); Monarch Coast in Dana Point, California (418 units); Capistrano Pointe in San Juan Capistrano, California (274 units); and Autumn Chase in Highlands Ranch, Colorado (404 units). The portfolio is approximately 94 percent leased overall.
HFF’s debt placement team was led by senior managing director Charles Halladay, associate Sebastian Trujillo and real estate analyst Lauren LaFever.
“We are delighted to have closed such great long-term financing with Freddie Mac,” said Frank T. Suryan, Jr., CEO of Lyon Living. “We are appreciative of their ability to secure innovative financing that will not only allow us to elevate the lifestyle of our current residents, but also help us strategically reposition our portfolio. Lyon Living is committed to providing unique experience-driven and amenity-rich communities, and we look forward to the upgrade of these signature properties.”
About Lyon Living: From beachfront towers to inviting garden-style neighborhoods, Lyon Living provides award-winning rental living experiences tailored to evolving consumer lifestyles. Its apartment communities comprising approximately 8,132 homes are located in many of California, Colorado, Georgia and Florida’s most desirable locations. For more information, visit lyonliving.com.
About HFF: Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.