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 Schroeder of Newmark on behalf of the borrower, an institutional-level joint venture.

“Everleigh San Clemente represents a rare opportunity to finance a high-quality active-adult community in an exceptionally desirable coastal market,” said Redmond. “The property’s strong sponsorship, institutional-quality construction and location within a supply-constrained submarket generated significant lender interest and enabled the execution of favorable financing terms.”

Completed in 2023, Everleigh San Clemente is located within one of Orange County’s most sought-after residential markets. The property is also positioned to benefit from the ongoing revitalization of the nearby Dana Point Harbor, a $600-million-plus redevelopment project to enhance one of Southern California’s premier coastal destinations, according to Newmark.

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