BELLINGS

Newmark Arranges Fannie Mae Loan on San Clemente Active-Adult Complex

Newmark arranged a $58-million Fannie Mae loan for Everleigh San Clemente, a newly constructed 150-unit Class A active-adult (55+) apartment community in San Clemente. The Fannie Mae financing was arranged by vice chairman Lee Redmond, managing director Alec Newman and VP Nick…

Newmark arranged a $58-million Fannie Mae loan for Everleigh San Clemente, a newly constructed 150-unit Class A active-adult (55+) apartment community in San Clemente. The Fannie Mae financing was arranged by vice chairman Lee Redmond, managing director Alec Newman and VP Nick…

BELLINGS Intelligence Score: 10

Why it matters

This is a routine commercial real estate financing transaction involving a standard Fannie Mae loan on a newly constructed apartment complex, with no novel structure or broader market impact.

Sources

  • Connect CRE

    Newmark Arranges Fannie Mae Loan on San Clemente Active-Adult Complex

    Newmark arranged a $58-million Fannie Mae loan for Everleigh San Clemente, a newly constructed 150-unit Class A active-adult (55+) apartment community in San Clemente. The Fannie Mae financing was arranged by vice chairman Lee Redmond, managing director Alec Newman and VP Nick…