Land Acquisition Loan

Schelin Downes & Co

91st & McDowell
Tolleson, AZ
21 Acres of Land

Principals of Schelin Uldricks & Co. arranged non-recourse land acquisition financing for a 21-acre parcel of unentitled land adjacent to the I-10 Freeway west of Phoenix. The business plan was to entitle the site for multiple commercial uses and sell off the entitled pads to builders. Preliminary plans included a C-store, hotel parcel, apartment parcel, strip retail, and big box retail. The site could also support an electronic billboard.

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