Rancho Mirage

The site is approximately 23.71 acres, of which a total of 361,483 sq ft. of structures may be built. iBorrow provided a loan secured by a first deed of trust on the property to a developer to purchase the Thunderbird Resort Development, which is currently being developed into an Auberge hotel resort. The sponsor is an active and experienced developer with a proven track record, notably in the areas of land planning and permitting along with homebuilding and retail construction.

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  • Property Type Entitled Land
  • PurposeAcquisition
  • Gross Annual Coupon10.50%
  • Loan Amount$2,250,000
  • Loan to Value40.0%
Location

Rancho Mirage, California

Funding in as few as 14 days

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