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

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.