Updated Aug 21, 2025
Gantry Secures $11.7M Construction Loan For Development Site In South Lake Tahoe
3708 Us Route 50 & 3709 Osgood Avenue
$11,700,000
Units
14
Asset Type
Development Site
Closing
Aug 19, 2025
About this deal
AI
This transaction involves a development site located at 3708 Lake Tahoe Boulevard and 3709 Osgood Avenue in the South Lake Tahoe market. The asset is associated with a construction loan amounting to $11,700,000 designed for a 14-unit for-sale townhome project.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $11,700,000
- Loan Type: Construction
- Loan Terms: 18-month
- Brokers: Peter Hillakas, Robert Slatt & Keegan Bridges - Gantry
The construction loan was arranged by Peter Hillakas, Robert Slatt, and Keegan Bridges representing Gantry on behalf of a private investor. The loan is structured to support the construction efforts for the proposed townhome development in the South Lake Tahoe area.
On the Map
$11,700,000
Development Site
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Players
South Lake Tahoe Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93