Landmark Obtains Financing For Second RC Hobbs Community
BuilderOnline
Landmark Capital Advisors, Newport Beach, on Tuesday announced a successful $9.5 million AD&C loan and JV Equity transaction in Riverside, Ca. on behalf of home builder RC Hobbs Company, the second such deal between the parities in recent weeks.
Landmark raised both the debt and the JV Equity to buy, develop, and construct 36 townhome units on 2.96 acres in Riverside. The subject site is on Jefferson Street, less than one mile from the 91 Freeway and several blocks from Ramona High School. The homes will be inside a gated community that will offer easy access to schools, shopping, dining, entertainment, and several freeways (91, 215 and 15).
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