JLL and HJ Sims secure $252.1 Million tax-exempt and taxable bond financing for Southern California seniors housing development
United States, May 19 -- JLL and HJ Sims announced that they 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, California.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...
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