| Transaction: |
Four Seasons Golf Community, Hemet, CA |
| Property Type: |
Acquisition and development of pre-sold single family lots |
| Structure: |
Equity |
| MF Investment: |
$5,200,000 |
| Broker: |
None |
| Senior Loan: |
$15,034,000 |
| Description: |
Mountain Funding was the former senior A&D lender to this lot development project in Riverside County, California. An affiliate of Mountain’s, Paramount Enterprises, purchased the project from Mountain’s borrower and Mountain converted its senior loan into a joint venture investment with Paramount subordinate to a new senior A&D loan which matures in 42 months.
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