Pacific City Bank Provides $19.2M Loan For PGA West Package Deal In La Quinta
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This Development Site property located in CA received a loan of $19,200,000 about 3 years ago. The broker of the deal was Marc Cesarec
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- Location55-955 Pga Blvd, La Quinta, CA, USA
- Loan Value$19,200,000
- Asset TypeDevelopment Site
- Parties1 Broker, 1 Agency, 1 Lender
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Deal Summary
LOAN
IMAGE: Marc Cesarec
DATE: 02/16/2021
ADDRESS: 55-955 PGA Blvd.
MARKET: Coachella Valley, La Quinta
ASSET TYPE: Package Deal
LENDER: Pacific City Bank
LANDLORD: Century Golf Partners
BROKER: Marc Cesarec @CesarecGroup
LOAN AMOUNT: $19,200,000
LOAN TERMS: 5-Year Fixed at 4.50% with Stepdown Prepay
NOTE FROM BROKER: Nine courses in the sprawling PGA West complex and the Citrus Club in La Quinta, California. PGA West courses include the famed Stadium Course designed by Pete Dye, along with other courses designed by Dye, Arnold Palmer, Jack Nicklaus, Tom Weiskopf and Greg Norman.
Contact Marc Cesarec (323) 493-8600 for nationwide financing, all property types.
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55-955 PGA Boulevard
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