LAGUNA NIGUEL, CA—Holliday Fenoglio Fowler has arranged $95.5 million in joint venture equity and construction financing for the development of Crestavilla, a 211-bed, to-be-built, luxury, resort-style senior community here.

HFF worked on behalf of the developer, Steadfast Companies, to arrange the $27.9 million joint venture equity capital with Fremont Realty Capital. In addition, HFF secured the $67.6 million construction loan for the partnership through a local bank.

Located in Orange County, Crestavilla will be a luxury, fully-licensed seniors housing development with panoramic views of the neighboring Pacific coastal hills. The three-story, Spanish Colonial-style building will house 61 independent living units, 115 assisted living units and 25 memory care units, totaling 201 units with 211 beds. The community will feature a variety of amenities, including four restaurants, two theaters, walking trails, fitness center, salon and spa, dog park, rooftop gardens and verandas, pet care, shuttle and limousine service, medical services and a number of clubs, programs, courses and studios. Situated on 11.5 acres at 30111 Niguel Road, the Crestavilla site is 4.5 miles from two acute-care hospitals and 6.5 miles from Saddleback Memorial Medical Center, named in 2015 by Healthgrades as one of America's 50 Best Hospitals.

The HFF equity and debt placement team representing the developer was led by managing director James Fowler and senior managing directors Ryan Maconachy and Chad Lavender.

“Steadfast Cos., in partnership with Fremont Realty Capital, have already begun construction on what will become the premiere seniors housing project in south Orange County,” Fowler said. “The location is superb and the planned quality of amenities and construction will be unparalleled.” Since its formation in 1994, Steadfast Companies and its affiliates have developed into an integrated, multifaceted real estate investment management company that today owns and/or operates a diverse portfolio of more than $3.5 billion across the United States and Mexico.

Fremont Realty Capital is the real estate private equity business unit of the Fremont Group, the investment office of the Bechtel family of San Francisco.

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.

The HFF equity and debt placement team representing the developer was led by managing director James Fowler and senior managing directors Ryan Maconachy and Chad Lavender.

Fremont Realty Capital is the real estate private equity business unit of the Fremont Group, the investment office of the Bechtel family of San Francisco.

Instant Insights /

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