facebook
Traded Co logo
Submit
Daily limit: 0/10

Fisher Brothers Secures $161 Million Construction Loan For Area15 District Expansion In Las Vegas

Property Image
FINANCED
$161,000,000
Michael Ianno
Michael Diaz
Keith Kurland
+ 3

Nevada

See Similar Deals
Development Site
Financed 01/07/2025
the dealplayerscompscontact
Property Image
FINANCED

Fisher Brothers Secures $161 Million Construction Loan For Area15 District Expansion In Las Vegas

3215 South Rancho Drive

See Similar Deals
Development Site
Financed 01/07/2025
Michael Ianno
Michael Diaz
Keith Kurland
+ 3
the dealplayerscompscontact
Contact now

Summary

NEVADA
Asset Type:Development Site
Transaction Type:Loan

This transaction involves a development site located at 3215 South Rancho Drive in Las Vegas, NV. The deal secured a loan amount of $161 million for construction financing aimed at expanding the Area15 District, which is projected to add nearly 300,000 square feet of space for new attractions.

Summary of transaction details:

The financing includes a $108 million C-PACE loan, marking the largest of its kind in Nevada's history. Since its opening in 2020, the Area15 District has attracted over 13 million visitors, contributing to its ongoing success and the demand for further expansion.

Players

Aaron Appel
Walker & Dunlop
Aaron Appel
190 deals$31.9B volume
BROKER
Jonathan Schwartz
Walker & Dunlop
Jonathan Schwartz
165 deals$26.9B volume
BROKER
Keith Kurland
Walker & Dunlop
Keith Kurland
170 deals$29.1B volume
BROKER
Adam Schwartz
Walker & Dunlop
Adam Schwartz
160 deals$25.4B volume(646) 491-8869
BROKER
Michael Diaz
Walker & Dunlop
Michael Diaz
37 deals$4.1B volume
BROKER
Michael Ianno
Walker & Dunlop
Michael Ianno
51 deals$6B volume
BROKER
Acore Capital
Acore Capital
LENDER
North Bridge
North Bridge
LENDER

Details

FINANCED
IMAGE: Laura Rapaport, Winston Fisher, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Michael Diaz & Michael Ianno DATE: 01/07/2025 ADDRESS: 3215 South Rancho Drive MARKET: Las Vegas, NV ASSET TYPE: Development Site LENDER: Laura Rapaport - North Bridge; Acore Capital LANDLORD: Winston Fisher (@WinstonFisher1) - Fisher Brothers BROKERS: Aaron Appel, Adam Schwartz (@AdamSchwartz88), Jonathan Schwartz (@JSchwa1386), Keith Kurland (@KaKurland), Michael Diaz & Michael Ianno (@MIanno20) - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $161,000,000 LOAN TYPE: Construction NOTE: Fisher Brothers secured $161 million in construction financing to expand its Area15 District in Las Vegas, including a $108 million C-PACE loan— one of the largest in Nevada's history. The expansion will add nearly 300,000 square feet and new attractions like Universal Horror Unleashed and iFLY Indoor Skydiving, building on the district's success with over 13 million visitors since its 2020 opening.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$161,000,000.00

Monthly NOI$1,073,333.33
Monthly Debt Service$1,017,629.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00