LDK Ventures Secures $59.3M Loan For 300-Unit Multifamily Property On Damonte Ranch Parkway In Reno, Nevada

The multifamily property located at 875 Damonte Ranch Parkway in Reno, Nevada has been involved in a closed transaction. The property consists of 300 units and spans across 12 acres. The transaction details provide insights into the loan, lender, landlord, and developer involved in the deal.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $59,300,000
• Address: 875 Damonte Ranch Parkway, Reno, Nevada
• Market: Reno, Nevada
• Units: 300
• Acres: 12

PCCP LLC served as the lender in this transaction, providing a loan amount of $59,300,000. The landlord for the property is LDK Ventures, while the developer involved in the deal is Panther Residential Management.