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| Olga Walsh |
SAN DIEGO, CA –– HFF announces financing for a
618-acre, unentitled development site in Rancho Mirage, California.
Working exclusively on behalf of the borrower, an investment
partnership led by Clarity Real Estate, the HFF team placed the fixed-rate loan
withone of its relationship lenders. Loan proceeds were
used to acquire the property and to facilitate the future entitlement of the
site.
Nestled among multiple country clubs and golf courses in Rancho Mirage, the property, which is commonly referred to as The Eagle, was once part of and is immediately adjacent to the famed Sunnylands Annenberg Estate.
Development plans for the property are
expected to produce a premier, next-generation community and destination.
The HFF debt placement team representing the borrower included
senior director Zack Holderman, director Chris Collins and senior
associate Olga Walsh.
“The borrower has tremendous vision for this exceptional site
located in the heart of the Palm Desert,” Holderman said. “The site is
poised to be the most highly sought-after destination for residents, hoteliers
and commercial tenants in all of Rancho Mirage.”
Holliday GP Corp. (“HFF”) is a real estate broker licensed with
the California Department of Real Estate, License Number 01385740.
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| Chris Collins |
HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the global
commercial real estate industry.
HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate
Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc.
(NYSE: HF). For more information, please visit hfflp.comor
follow HFF on Twitter @HFF.
For more information, please contact:
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