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515 Avenida Vaquero

Newmark Secures $58 Million Fannie Mae Loan For Everleigh San Clemente Multifamily Community
FINANCEDMultiFamily

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:

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

Lee Redmond

Newmark

Broker

$1.6B

vol

8 deals

Broker
Fannie Mae
Fannie MaeLender

San Clemente MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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