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10 Danube Dr

Updated Aug 14, 2025

Greg Tylee & Russell Holmes Of Clarity Real Estate Lease Development Site In Rancho Mirage For $187.4M
FINANCEDDevelopment Site

Greg Tylee & Russell Holmes Of Clarity Real Estate Lease Development Site In Rancho Mirage For $187.4M

10 Danube Dr

$187,400,000

Building Size

—

Asset Type

Development Site

Closing

Jul 24, 2025

About this deal

AI

The property asset involved in this transaction is a development site located at 10 Danube Drive in Rancho Mirage. The loan amount secured for this project is $187,400,000, classified as a construction loan.

Summary of transation details:

The deal involves key individuals and companies, including lenders Robert Rothschild and Even Abraham from InterVest Capital Partners and Robert Trent from Builders Capital. Landlord representation is provided by Greg Tylee and Russell Holmes of Clarity Real Estate. The brokerage team facilitating this transaction includes Ari Hirt, Sean Reimer, Christopher de Raet, Aaron Appel, Dustin Stolly, Jonathan Schwartz, Adam Schwartz, and Keith Kurland from Walker & Dunlop.

On the Map

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$187,400,000

Development Site

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Players

Aaron Appel

Walker & Dunlop

Broker

$35.7B

vol

209 deals

Broker
Walker & Dunlop
Walker & DunlopBrokerage
Builders Capital
Builders CapitalLender
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Rancho Mirage Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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