$34.0 million land acquisition and development financing for a master planned 500 acre, 1,200 unit residential development. The property was purchased out of bankruptcy and funded in less than 2 weeks.
$4.2 million follow on financing for Phase II infrastructure for a 1,300 unit residential subdivision. Loan was a second trust deed.
$21.0 million, pre-entitlement land acquisition loan for a 400 acre, 150-lot luxury residential subdivision that included a $3.0 million development reserve to finish the entitlements and begin the horizontal development. The client was considering raising equity to finance the acquisition but would have been required to give up majority ownership and control.
$4.7 million in land acquisition and entitlement loan on a unique Resort - Spa development. The client was hours away from having a critical purchase option expire that would have cost millions of dollars in additional fees and costs.
$8.0 million, raw land acquisition loan for a 187 acre, 105 unit residential subdivision. The land required a re-zoning hearing prior to the submission of the preliminary plat. The client had less than 3 weeks to close the acquisition.
$31.8 million land refinance and development loan on a 477 unit luxury resort property near Deer Valley, UT. The financing included funding for the design and construction of a public roadway that would provide access to the property and land surrounding the project. The client negotiated one of the first privately funded public works projects in the State.
$5.5 million land acquisition and entitlement loan on a 1,245 unit beachfront resort community on the Oregon Coast. The project is the largest of its kind and represents the latest concepts in new urban development.
$3.4 million in financing for the bulk purchase of 53 finished residential building lots near Coeur D'Alene, Idaho. The client had less than one week to close the transaction.
$11.2 million bridge loan to a developer on a 2,200 unit gated community in Southern Utah. The financing was used to retire existing delinquent debt and provide the time necessary to complete a new construction loan and refinance with a traditional institutional lender.
$3.2 million land acquisition loan for a commercial development in the Teton Valley of Eastern Idaho.