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).

Read More

Previous Jobs, Good Jobs, and Home Buying
Next Planning Begins for 16-Acre Dog Beach Site

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

People

KB Home to Cut C.E.O.’s Bonus After His Rant Against Kathy Griffin

Jeffrey Mezger, chief executive of the homebuilder KB Home, will take a 25 percent cut to his year-end bonus as a result of his sexist and homophobic outburst against his neighbor, the comedian Kathy Griffin, the company said Thursday.

Homebuilders / Land Developers 0 Comments

City Ventures Withdraws IPO

Prolific Newport Beach-based private developer/builder, City Ventures, withdraws $150M IPO plans. While homebuilder stocks have rallied over the past month on news of potential changes in mortgage regulations, the overall

Homebuilders / Land Developers

New Homebuilding Publics

Among the cohort of new, publicly-traded homebuilders this cycle are UCP and Century Communities. In this Builder Magazine article, a deeper look is taken into the origins and philosophies of