Loan Funded: The Ranch at Red Rock

First Trust Deed

The Ranch at Red Rock

First Deed of Trust on approximately 60.66 acres located at the former Bonnie Springs Ranch outside of Las Vegas, Nevada. The project will consists of 20 residential lots and 1 commercial lot (21 lots total) known as The Ranch at Red Rock. The project is in a hillside location southeast of Red Rock Canyon Road and Bonnie Springs Road with spectacular views of Red Rock Canyon. The residential lots vary in size from 1.84 acres to 3.39 acres with an 8.53-acre commercial lot. The commercial component will have a hotel and restaurant. The Ranch at Red Rock is expected to be on of the most private and exclusive developments in Southern Nevada.

 

Deal Features:

Loan Amount: $25,000,000.00

52% LTV

12-month term, optional 6-month extension