Sundance Properties Secures $25.6 Million Construction Loan From IZO Capital For The Flats At Alpine Junction

The asset involved in this transaction is a multifamily property located at 303 US Route 26 in Alpine, WY. The property is part of a 64-unit multifamily project known as The Flats at Alpine Junction. Sundance Properties is the landlord for this project which has secured a financing amount of $25,600,000 through a construction loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,600,000
• Loan Type: Construction
• Lender: David Israel & Peter Porraro - IZO Capital
• Landlord: Sundance Properties
• Broker: Peter Gineris - CBRE

This transaction highlights the involvement of IZO Capital in providing the construction loan, which is crucial for completing Phase 1 of the multifamily project. Key players include David Israel and Peter Porraro, who represent the lending side, while Peter Gineris acts as the broker in the deal.