Newmark Arranges $58 Million Fannie Mae Financing for Everleigh San Clemente Active-Adult Community
Newmark has arranged a $58 million Fannie Mae loan for Everleigh San Clemente, a newly constructed 150-unit Class A active-adult apartment community in San Clemente, California, the firm announced Aug. 13, 2026.
Vice Chairman Lee Redmond, Managing Director Alec Newman and Vice President Nick Schroeder of Newmark arranged the financing on behalf of the borrower, described as an institutional-level joint venture. Fannie Mae provided the loan.
Deal Details and Property Overview
Completed in 2023, Everleigh San Clemente is a 55-plus active-adult community situated in Orange County's coastal submarket. The property offers residents access to San Clemente's beaches, coastal trails, golf courses, and retail and dining destinations. The community is positioned within one of Orange County's most sought-after residential markets, characterized by strong household wealth and long-term housing demand.
The asset also stands to benefit from the ongoing revitalization of the nearby Dana Point Harbor, a more than $600 million redevelopment project enhancing one of Southern California's premier coastal destinations.
Arrangers' Commentary
"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."
Market Context: Multifamily Financing in 2026
The transaction reflects continued lender appetite for newer, institutionally sponsored multifamily product in supply-constrained coastal markets. Multifamily has remained one of the more active sectors in commercial real estate capital markets, with lenders selectively funding high-quality assets where the property profile, location, and sponsorship align.
The 55-plus positioning of Everleigh San Clemente targets a household-wealth-heavy, downsizing-oriented demographic cohort in coastal Southern California, a segment that tends to exhibit relatively stable demand compared to conventional rental housing. Elevated construction costs have made it more expensive to deliver new supply, a dynamic that can support the financing and valuation of existing stabilized assets.
Multifamily supply growth is slowing nationally and vacancy has remained relatively stable — conditions that generally support lender confidence in well-located, recently completed communities. Coastal Orange County's supply constraints, explicitly cited by Newmark in connection with this transaction, add further support for long-term rent and occupancy stability.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate advisory and services firm serving institutional investors, global corporations, and lenders. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of that date, Newmark and its business partners operated from more than 195 offices with more than 10,000 professionals across four continents.
Sources: Newmark press release, Aug. 13, 2026