HWL Cherry Lane, LLC | Loan #4102 – FUNDED
Description: First Trust Deed collateralized by approximately 36.52 acres of undeveloped land located in Thomton, Colorado (approximately 13 miles of Denver, CO). The land is currently slated to be developed into 141 single family residential lots, including a five acre city park. Once the final map is approved, the borrower will begin the development work to transform the land into 141 finished lots. The anticipated cost to complete all of the development work is six million dollars. Homes in the community are anticipated to sell in the low $300’s.
