J.P. Morgan Chase Sculptor Real Estate Morning Calm Management Provide $686M Loan For Development Site In Henderson

The property asset involved is a development site located at 669 Dragon Peak Drive in Henderson, NV. This site is designated for the Four Seasons Private Residences project, which consists of 171 luxury condo units that are 75% sold, with unit pricing starting at $5 million. The project's anticipated completion is set for mid-2027.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $686,000,000
• Lender: J.P. Morgan Chase, Sculptor Real Estate, Morning Calm Management
• Landlord: Jim Reilly - Azure Resorts & Hotels
• Landlord: Stephen Petasky - Luxus Developments
• Landlord: Reid J. Boren & Taylor Collins - Two Roads Development
• Loan Type: Construction

The transaction features key individuals from prominent development and financial companies. Jim Reilly represents Azure Resorts & Hotels, Stephen Petasky represents Luxus Developments, and Reid J. Boren along with Taylor Collins represent Two Roads Development, playing significant roles in the development of the luxury condominium project.