SoCal Senior Housing Project Secures $252M
This community is on track to open its doors in 2028.
The Marisol, a planned 214-unit assisted living and memory care community in Huntington Beach, Calif., has obtained $252.1 million in construction financing. JLL Securities and HJ Sims arranged the tax-exempt and taxable bonds. The property is set to come online in 2028.
California Public Finance Authority issued the fixed- and floating-rate financing. It is structured into Series A senior bonds and subordinate Series B and C bonds. The bonds are 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.
Located at 2120 Main St., The Marisol will sit next to the Altramed medical center. The Seacliff Village shopping mall is just across the street, including more than 40 retailers and being anchored by Albertsons, Staples, LA Fitness and PetSmart. State Route 39 is also close, within 1 mile east.
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Partners in the project include VTBS, in charge of planning and architecture, and MJS, handling landscaping. The property will be managed by Momentum Senior Living.
HJ Sims was the book-running manager on the senior bonds, while JLL Securities served as co-manager. JLL Capital Markets was also part of the deal, as real estate advisor.
Set to take shape on 7 acres, the development will replace a former office building within the 11-acre Seacliff Office Park. The three-story community will span roughly 281,000 square feet and include one- and two-bedroom units.
The Marisol will be a pet-friendly and wheelchair-accessible property, with shared amenities comprising a wellness center, an art studio, a movie theater, a golf simulator and dining venues.
Senior housing fundamentals bound to remain tight nationally
The senior housing development pipeline is unlikely to narrow the gap between supply and demand in the near term, according to a recent NIC MAP data. As of early 2026, the number of units under construction was down for 17 consecutive quarters, sliding 9 percent from the same period of 2025. Fewer than 16,500 senior housing units are currently under construction, down from a previous high of nearly 50,000 units in late 2019.
Taking into account the steady rise in occupancy and a significant cohort of Baby Boomers surpassing retirement, senior housing trends are bound to reflect healthy fundamentals beyond near-term.
