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).
About author
You might also like
Anaheim Warehouse Targeted for Residential Redevelopment
Irvine, CA-based Shopoff Realty Investments, in partnership with funds managed by Argosy Real Estate Partners, acquired a 20.5-acre property in Anaheim, CA through a sale-leaseback transaction. The new owner plans
Meritage 4th-Qtr Profit Flat, But Beats Estimates
Net earnings for the fourth quarter of 2016 were $51.8 million or $1.22 per diluted share, compared to $52.9 million or $1.26 per diluted share reported for the fourth quarter
Todd Palmaer Named CEO and President of RSI Communities
Industry veteran, Todd Palmaer, who recently served as a Regional President for Standard Pacific Homes, has been named as the CEO and President of RSI Communities based out of Newport
