Concord Summit Capital Secures $26.8M Construction Loan For Westerre's Del Prado Place In Dana Point

Concord Summit Capital recently arranged a construction loan of $26.8 million for Del Prado Place in Dana Point. The mixed-use condo project, developed by Westerre, is located at 24722 Del Prado Avenue and will feature 18 condos and ground-floor retail. Construction is set to commence in mid-January, with a targeted completion date in the second quarter of 2025.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $26,800,000
• Address: 24722 Del Prado Avenue, Dana Point
• Market: Dana Point
• Loan Type: Construction Loan
• Landlord: Westerre
• Broker: Tyler Beauregard - Concord Summit Capital

Concord Summit Capital played a pivotal role in facilitating the financing for Del Prado Place. Tyler Beauregard, representing Concord Summit Capital, acted as the broker in the deal. As construction begins in mid-January, this project marks an exciting development in the Dana Point real estate market.