JLL and HJ Sims have arranged $252.1 million in tax-exempt and taxable bond financing for the development of The Marisol, a planned 214-unit seniors housing community in Huntington Beach. HJ Sims acted as lead book-running manager on the senior bonds and JLL Securities served as co-manager and led the process in securing the investor for the subordinate bonds.
The fixed- and floating-rate financing was structured into Series A senior bonds and subordinate Series B and C bonds and was issued through the California Public Finance Authority. The bonds were divided into three tranches: a Series A $165.7-million tranche, a Series B $74.3-million tranche and a Series C $12.1-million tranche. JLL’s Senior Housing Capital Markets team, as real estate advisor, collaborated on the project.
The Marisol is under construction and will be delivered in 2028. Located at 2120 Main St. in Huntington Beach, the three-story building will offer residents a full amenity package.
