Newmark Secures $58 Million Fannie Mae Loan For Everleigh San Clemente Multifamily Community
515 Avenida Vaquero
$58,000,000
Units
150
Asset Type
MultiFamily
Closing
Aug 17, 2026
AI
The transaction involved a 150-unit multifamily asset located at 515 Avenida Vaquero in San Clemente, California. The property is classified as a Class A active adult community, with a loan amount of $58 million secured through Fannie Mae. This financing was originated for an institutional-level joint venture with the property delivered in 2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $58,000,000
- Address: 515 Avenida Vaquero, San Clemente, CA
- Units: 150
- Lender: Fannie Mae
- Broker Representatives: Lee Redmond, Alec Newman & Nick Schroeder - Newmark
Lee Redmond, Alec Newman, and Nick Schroeder of Newmark played a crucial role in the transaction by originating the financing on behalf of the borrower, facilitating the acquisition of the multifamily asset through their expertise in the market.
Players
San Clemente MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93