LAGUNA NIGUEL, CA—Holliday Fenoglio Fowler has arranged $95.5 million in joint venture equity and construction financing for the development of Crestavilla, a 211-bed, to-be-built, luxury, resort-style senior community here.

Irvine, California

HFF worked on behalf of the developer, Steadfast Companies, to arrange the $27.9 million joint venture equity capital with Fremont Realty Capital. In addition, HFF secured the $67.6 million construction loan for the partnership through a local bank.

Located in Orange County, Crestavilla will be a luxury, fully-licensed seniors housing development with panoramic views of the neighboring Pacific coastal hills. The three-story, Spanish Colonial-style building will house 61 independent living units, 115 assisted living units and 25 memory care units, totaling 201 units with 211 beds. The community will feature a variety of amenities, including four restaurants, two theaters, walking trails, fitness center, salon and spa, dog park, rooftop gardens and verandas, pet care, shuttle and limousine service, medical services and a number of clubs, programs, courses and studios. Situated on 11.5 acres at 30111 Niguel Road, the Crestavilla site is 4.5 miles from two acute-care hospitals and 6.5 miles from Saddleback Memorial Medical Center, named in 2015 by Healthgrades as one of America's 50 Best Hospitals.

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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.

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