Vivante on the Coast in Costa Mesa

Sarah Sitar new Real Estate blog post

Sarah Sitar San Mateo Vivante on the CoastA recent article in Healthcare Finance News describes a new financing project done by a large provider of commercial real estate and capital market services, HFF. They have recently arranged $72 million in financing for a brand new 185-unit senior citizen housing community in Costa Mesa, California in Orange County. The building is to be called Vivante on the Coast.

HFF was able to finance the borrower and the borrower’s developer, Nexus, to help secure a 3-year deal with a 3.75 floating rate loan through an unspecified finance company.

The building will be located in Costa Mesa, less than a mile away from Hoag Hospital in Newport Beach. The building was completed in September of 2013 and consists of a variety of independent, assisted living, and Alzheimer’s care units. The amenities in and around the building include an indoor pool, hair salon, putting green, movie theater, community lounge with a sports bar, yoga studio, fitness center, bocce ball court, large courtyards, and a two and a half acre park that includes a dog park. The building includes a 24-hour concierge service, culinary school, chauffeurs, on-site nurses, and a vet.

Newport Beach is one of the more popular beaches in the surrounding area. The area is known for it’s surfing, fishing, and sightseeing. It is home to the largest recreational boat harbor of the West Coast, and boating is immensely popular in the area. There is a 3-mile long concrete boardwalk that is very popular for bicyclist, walkers, runners, and other methods of exercise. There are also two golf courses in the area that rank among the top 100 greatest public golf courses in Golf Digest America. Newport Beach is also home to two popular farmers markets: one in Corona Del Mar and the other in Lido Village.

This is a great area for senior citizens to soak up the sun, relax, and spend time entertaining in their hobbies of choice. This blog post is based off of this article from Healthcare Finance News.

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Four Cost-Effective Ways to Remodel Your Own Home

Sarah Sitar Interior Design DIYRedfin’s blog recently posted an article on four low cost remodeling projects that one could do to increase the value of their home. The article goes on to say that the closer someone is to selling their home, the less they want to spend on remolding and interior design. Sellers want their homes to look nice to appeal to buyers, while at the same time, make as much money as possible when selling their home.

The first money saving project the article talks about is adding more natural light to the house. Adding more overhead lighting is not always the best answer. It is an expensive remolding project, and it might not get the seller the value that they are looking for. The article instead suggests replacing the windows with new clean windows. A do-it-yourself window replacement could costs between $150 and $600, depending on the window size. By doing this, future homeowners could decrease the size of their utility bill and have an aesthetically pleasing outside view.

Next on the list is a new paint job. A seller can consider paining their house themselves for only $200 while a professional paint team could cost you upwards of $2000. This makes the house look fresh and clean as opposed to the worn out paint that has been settling on the walls for years.

A nice refinish on cabinets does wonders for a kitchen. Over the years of opening and closing cabinet doors, they will get scratched and battered. Refacing or refinishing cabinets cost from $250 to $500 per door, which is a much better deal than having a professional team come in.

The last tip that Redfin’s blog has for a cost effective remodeling techniques is to use floor tiles to create a new floor. Tiles are a cheap alternative for replacing a worn out, scratched floor space. They are cheaper than having carpet, hardwood, or laminate installed. Installing tiles yourself can save you up to $1500, but it is advisable to consult with an expert before undergoing such a project.

This blog post is based off of this Redfin blog post.

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