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

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:

• Property Type: Development Site
• Transaction Amount: $161,000,000
• Lender: Laura Rapaport - North Bridge; Acore Capital
• Landlord: Winston Fisher - Fisher Brothers
• Brokers: Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Michael Diaz & Michael Ianno - Walker & Dunlop

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.