COSTA MESA, CA—HFF has arranged $72 million in financing for Vivante on the Coast, a 185-unit, newly-built seniors housing community in Orange County.
HFF worked on behalf of the borrower and borrower's affiliated developer, Nexus Companies, to secure the three-year, 3.75% floating-rate loan through a specialty finance company.
Vivante on the Coast is located at 1640 Monrovia Avenue in Costa Mesa, less than a mile from Hoag Hospital in Newport Beach. Completed in September 2013, Vivante on the Coast consists of a mixture of independent, assisted and memory care units. Community amenities include an indoor saltwater pool, salon, putting green, theater, lounge, sports bar, yoga and fitness facilities, bocce ball court, wine lockers, large outdoor courtyards and a 2.5-acre park with designated dog park. Additional amenities include a superior culinary program, chauffeur service, 24-hour concierge, on-site nurses, and pet care.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
