Updated Oct 29, 2024
Bayview PACE Provides $19.8M Construction Loan For Luxury Resort Near Yosemite Park
Located about 16 miles south of Yosemite National Park
$19,800,000
Building Size
—
Asset Type
Development Site
Closing
Jul 6, 2023
About this deal
AI
A new 125-room luxury resort near Yosemite National Park is set to be developed by Waterton and Argosy Real Estate, courtesy of a $19.8 million construction loan provided by Bayview PACE. The resort will be located about 16 miles south of Yosemite National Park in Oakhurst, catering to adventure and lifestyle travelers.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $19,800,000
- Lender: Bayview PACE - Jason Clouet
- Landlord: Waterton & Argosy Real Estate
- Market: Oakhurst
Bayview PACE's Jason Clouet facilitated the $19.8 million construction loan for the development of the luxury resort. The collaboration between Waterton and Argosy Real Estate aims to create a high-end destination for adventure and lifestyle travelers, capitalizing on the proximity to Yosemite National Park.
On the Map
$19,800,000
Development Site
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Players
Oakhurst Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93