Land Loan

Fairway Townhomes and Pivotal Dixileta

Fairway Townhomes & Pivotal/Dixileta
Avondale & Peoria, AZ
26.03 Acres of Land

Principals of Schelin Uldricks & Co. arranged a $1.87MM land loan cross collateralized by 2 projects totaling 26.03 acres. One project was planned for the development of 161 townhomes in Avondale, AZ, and the other was planned for the development of 62k SF of retail space in Peoria, AZ. The financing was non recourse, and the land was unentitled at close. The term of the loan was 18 months plus a 6 month extension option.

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