Vegas Capital Holdings & Investments, LLC | Loan #4129 – FUNDED
Description: First Trust Deed collateralized by 7.23 acres of land zoned H-2 for general highway frontage. With nearly 1,500 feet of frontage along Blue Diamond Road, this property has many potential end uses. Over the life of the loan the borrower will continue with a feasibility study to see what the highest and best use is for the site. The site is located just to the north of Mountain’s Edge which is a 3,500 acre master-planned community that consists of over 10,000 homes.
Southwest Growth Management, LLC | Loan #4132 – FUNDED
Description: First Trust Deed collateralized by 3.6 acres of land zoned H-2 for general highway frontage. With nearly 1,000 feet of frontage along Blue Diamond Road, this property has many potential end uses. The site is located just to the north of Mountain’s Edge which is a 3,500 acre master-planned community that consists of over 10,000 homes. The borrower is currently working with the city to get approval for an approximately 90,000 square foot storage facility. The storage facility would consist of over 700 units, including RV parking spaces. Once the approvals by the city are finalized, the loan will be refinanced into a development and construction loan which is anticipated to happen in early 2015.
