The Marke at South Coast Metro
Orange County, CA
July 2012 - February 2015
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Property Type
Multifamily
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Deal Type
Mezzanine
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Deal Size
$22.8 million
- 300-unit mid-rise apartment development located in the heart of Orange County; benefited from infill location proximate to shopping, dining and entertainment options; immediate area also had limited comparable housing options
- JV between California-based Lyon Communities and Integral Communities, with combined experience renovating over 17,000 apartment units and developing over 6,000 units
- $22.8 million mezzanine loan with double-digit coupon rate, stepping down at stabilization
- Capital stack included a senior loan of $58.0 million
