Gantry Secures $11.7M Construction Loan For Development Site In South Lake Tahoe
3708 Us Route 50 & 3709 Osgood Avenue
$11,700,000
Building Size
—
Asset Type
Development Site
Closing
Aug 19, 2025
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.
Players
South Lake Tahoe 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93