Huntington Beach senior housing project scores $252M financing package

A senior housing developer is moving forward with a project in Huntington Beach thanks to a fresh nine-figure funding injection.  The Marisol, a planned 214-unit assisted living and memory care community at 2120 Main Street in Huntington Beach, secured $252.1 million in construction financing for a project slated for delivery in 2028, Multi-Housing News reported. Bloom Family Foundation is developing the project alongside Development Management Associates, a spokesperson for The Marisol told L.A. Business First. The financing package from the California Public Finance Authority is split into three tranches. A $165.7 million Series A senior bond piece, a $74.3 million […]This article originally appeared on The Real Deal. Click here to read the full story.