JLL Securities and HJ Sims have structured and placed a $252.1 million bond financing package for The Marisol, a ground-up senior housing development planned in Huntington Beach. The financing supports the construction of a 214-unit community that is currently underway and slated for completion in 2028.
The capital stack combines tax-exempt and taxable bonds, all issued through the California Public Finance Authority. The structure features a mix of fixed- and floating-rate debt and is divided between senior and subordinate tranches tailored to different investor risk profiles.
The Series A senior bonds represent the largest portion of the issuance, totaling $165.7 million. These senior bonds sit at the top of the capital structure and are designed to attract investors seeking a more conservative position. Below the senior bonds, two subordinate tranches provide additional financing capacity while absorbing higher levels of risk.
The subordinate component is split into a $74.3 million Series B tranche and a $12.1 million Series C tranche. JLL Securities served as co-manager on the offering and led the effort to identify and secure the investor for the subordinate bonds, while HJ Sims acted as the lead book-running manager on the senior bonds. Together, the firms coordinated the placement of the full capital structure with the investor base.
JLL’s Senior Housing Capital Markets team participated as real estate advisor on the assignment, collaborating with the financing team on the overall execution for The Marisol. Their role encompassed advising on how the real estate fundamentals and project characteristics could be aligned with bond investor requirements.
The Marisol is being developed as a three-story senior living community at 2120 Main St. in Huntington Beach. While specific design and program details were not disclosed, the project is expected to offer a full amenity package for residents when it delivers in 2028. The new community will add 214 units of seniors housing inventory to the local market once construction is completed.
The financing structure and bond issuance highlight continued capital markets access for senior housing development, with multiple tranches and a mix of fixed- and floating-rate debt used to balance risk, pricing, and investor demand. With the funding now in place, work on The Marisol is positioned to progress toward its targeted delivery timeline.
