Five 4-plex buildings totaling 20 units
Capital Raise Amount: $7,000,000
Financing: Development & Construction Loan
Landmark Capital is pleased to announce the successful closing of a $7,000,000 development and construction loan in Palm Desert, CA. Loan proceeds will be utilized to construct the fourth phase of The Retreat at Desert Willow. The fourth phase consists of five 4-plex buildings totaling 20 units located within the award-winning Desert Willow Golf Resort.
Landmark identified a regional bank that had in-depth knowledge of the Palm Desert market and understood the strong buyer demand for a product type new to the market.