Featured Transactions

Client Request

JV Equity for the acquisition of bank owned homes and finished lots


Situation/Challenges

  • A Bank was the seller and therefore only provided a short 35 day period for due diligence and closing
  • Asset consisted of partially completed homes and finished lots in a gated community
  • Sponsor was acquiring the Property at a significant discount to original project cost
  • Stagnant market with few comparable sales for both homes and finished lots
  • Property located in the Coachella Valley, CA submarket

Solution

  • Highlighted the Sponsors extensive expertise and track record in the subject market and the asset type
  • Sourced the Equity from a High Net Worth Investor that was familiar with both the Submarket and asset type