Updated Sep 9, 2026
Tony Avila Of Avila Real Estate Capital Provides $305M Loan To Mountain House Developers LLC For Development Site
$305,000,000
Building Size
—
Asset Type
Development Site
Closing
Sep 2, 2026
About this deal
AI
The asset involved in this transaction is a development site located in San Joaquin County, CA. The loan amount for this project is $305,000,000, which is aimed at financing the construction of 3,000 homes in the Lakes at Mountain House community. This planned community will ultimately include 16,000 homes, along with parks, community centers, and three lakes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $305,000,000
- Lender: Tony Avila - Avila Real Estate Capital
- Landlord: Mountain House Developers LLC
- Total Lending to Developer: Over $700,000,000
- Developer Family: Sandhu Family
- Major Builders Involved: Lennar and Pulte
Tony Avila, representing Avila Real Estate Capital, committed the substantial financing to Mountain House Developers LLC for the ambitious project. The Sandhu family, behind the development, has plans to sell completed homes and lots to prominent builders in the industry, including Lennar and Pulte, ensuring a broad reach in the housing market.
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93