FINANCED
Builders Capital Funds $13.3M Loan For Palm Desert Development Site
77-200 California Drive
Development Site
118,000 SF
118,000 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Development Site
118,000 sqft
A development site located at 77-200 California Drive in Palm Desert has been involved in a recent transaction. The property, situated in the Palm Desert market, is a development site and was part of Phase I of a 69 home subdivision. The loan amount for this transaction was $13,300,000, which covered 100% of the site work and vertical development costs. The property spans a total of 118,000 square feet.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $13,300,000
- Address: 77-200 California Drive
- Market: Palm Desert
The lender involved in this transaction was Builders Capital. The landlords of the property are Monark Ventures and Palm Desert Country Club. The brokers for this deal were Cameron Huard and Will Macfee, representing WelcomeLend.
Players
Details
FINANCED
IMAGE: Cameron Huard & Will Macfee
DATE: 07/28/2021
ADDRESS: 77-200 California Drive
MARKET: Palm Desert
ASSET TYPE: Development Site
LENDER: Builders Capital
LANDLORD: Monark Ventures & Palm Desert Country Club
BROKERS: Cameron Huard (@CamHuard) & Will Macfee - WelcomeLend
LOAN AMOUNT: $13,300,000
BSF: 118,000
LOAN TERMS: “Phase I of 69 home subdivison. Funded 100% of site work & vertical development costs.”View on map
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Address77-200 California Drive
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