|
What We’ve Done |
REAL ESTATE TRANSACTIONS / PARTNERSHIPS
RESIDENTIAL PROJECTS
Sacramento Region-Equityà $8.2 million joint venture equity for 518 lots in Elk Grove. à $1.3 million for Joint Venture for 111 units in Lincoln, California à $2.2 million for Joint Venture for 160 units in Elk Grove, California à $3.5 million for Joint Venture for 228 units in Elk Grove, California à $800,000 mezzanine equity with $6.4 million with participation. Elk Grove California à $2.45 million for equity-mezzanine loan for 61 homes, Elk Grove, California
Sacramento Region-Debt (A, D & C Loans)à $8.1 million revolver for construction debt on 65 SFD in Elk Grove. à $24.7 million (ongoing phase) A, D, C & Model loans for 126 units, El Dorado, CA à $13.65 million land and development loan for 359 lots, Elk Grove (Laguna Reserve), CA à $28 million construction loan for 97 homes ($10mm revolver) Elk Grove, CA à $25.2 million construction loan for 86 units ($10mm revolver) Elk Grove, CA à $8.3 million senior debt for construction of 65 units, Elk Grove, CA à $19.4 million senior debt for 61 units. Elk Grove, CA à $13.65 million land and development loan for 359 lots, Elk Grove (Laguna Reserve), CA à $6.6 million acquisition loan for un-entitled property. 225 acres in Elk Grove, CA. à $25.0 million A, D& C loan for Phase 1 of two phase construction loan for 324 SFA units, Roseville, CA.
Central Valley-Equityà $12 million raised for 3250 acre master-plan in Calaveras County. 2275 Single Family Detached approved units, Resort, Town Center and 1200 high density units. à $2.4 million joint venture equity for 356 homes in Ceres, CA (Modesto area). à $3.445 million mezzanine acquisition loan for 136 lots, Oakdale, CA à $1.799 million mezzanine acquisition loan for purchase of 86 lots, Oakdale, CA à $750,000 interim mezzanine equity (1st of 2 phases) for 49 homes, Tracy, CA à $1.5 million equity for Central California Master-plan land development. à $2.2 million joint venture equity for 86 homes, Stockton, CA à $4.3 million interim “hard money loan” for Golf Course/Resort purchase.
Central Valley-Debt (A, D & C Loans)à $3.5 million construction line of credit for construction of timeshare units in Tehachapi, CA. à $6.2 million acquisition loan for 136 lots, Oakdale, CA à $3.672 million acquisition loan for purchase of 86 lots, Oakdale, CA à $10.5 million A, D & C loan for 87 production units with $3.2 mm revolver & $3.9 A & D loan in Merced, CA. à $12.46 million for construction loan for 70 homes, Tracy, CA à $2.045 million construction loan for 18 homes, Lemoore, CA à $5.5 million construction loan for 20 homes, Tracy, CA à $3.75 million construction revolver for 49 homes, Tracy, CA à $19.1 million D and C loan replacement for 50 production units and Models, Tracy, CA
Bay Area-Equityà $10.5 million joint venture equity. Santa Rosa, CA (Master plan) à $3.8 million joint venture to $13mm. Land development Danville, CA à $3.3 million joint venture for development of 22 semi-custom homes, Alamo, CA à $1.0 million equity, fixed rate of return. Antioch, CA 79 units à $2.7 million joint venture equity, Antioch, CA 97 units. à $1.0 million acquisition hard money loan. Santa Rosa, CA à $700,000 hard money land loan, Pittsburg à $1.2 million joint venture equity Santa Rosa, CA
Bay Area Debt (A, D & C Loans)à $18.3 million A, D & C loan for 68 homes in Brentwood, CA à $25.0 million A, D & C loan for 84 homes in Brentwood, CA. à $10.1 million A, D & C loan for 22 semi-custom homes, Alamo, CA à $6.7 million loan for 63 units (Clayton) CA. à $975,000 unsecured “line of credit”. Northern CA à $27 million A & D loan for 455 lots w/retail. Santa Rosa, CA (Master plan)
Southern California Equityà $8 million committed for 200 un-entitled acres, Chino Hills, CA 100 units with EIR in process. à $2.5 million committed for 30 un-entitled acres, San Bernardino, CA 72 units. à $6.365 million joint venture equity for 38 Semi Custom Homes, Yorba Linda, CA à $1.165 million joint venture equity for 21 homes, La Mesa, CA à $1.6 million joint venture equity for 20 semi-custom homes, Bonsall, CA à $2.9 million joint venture equity Bonsall, CA à $600,000 joint venture equity for 7 homes in Seal Beach, CA. à $10.2 million equity “fixed” return loan. (Mission Viejo) à $3.3 million joint venture equity for residential development, Los Alamitos, CA. à $3.6 million joint venture equity for 77 acres - land development, Riverside/Ontario (dairy area) à $9.3 million joint venture equity Newport Beach (Newport Coast), CA à $3.5 million participating loan. Stallion Springs Resort, CA à $1.0 million Pasadena, CA mezzanine participation - acquisition loan. à $3.6 million joint venture for 89 Acres in Carlsbad. Land development joint venture - 87 lots. à $20.1 million joint venture-interim loan. 444 Condo lots in Laguna Niguel, CA
Southern California Debt (A, D & C Loans)à $6.183 million development of construction loan for 24 homes in Vista, CA. à $17.5 million debt for 43 semi-custom homes, Bonsall, CA à $19.160 million A, D & C loan for 38 homes, Yorba Linda, CA à $10.65 million D&C for 17 homes, Bonsall, CA à $1.2 million acquisition loan for land purchase. (Anaheim Hills) à $30 million senior debt for Residential Development Newport Beach (Newport Coast), CA
Las Vegas, Nevadaà $2.5 million joint venture equity - Las Vegas acquisition for 288 units.
Scottsdale, Arizona – Equityà $3.6 million joint venture for 121 SFA units, Fountain Hills, AZ
Scottsdale, Arizona - Debtà $32.6 million A, D & C loan for golf course oriented townhouses, Fountain Hills, AZ
JOINT VENTURE / EQUITY / MEZZANINE FINANCING
COMMERCIAL
à $4.6 million equity joint venture, 235,000 square feet, "to be developed," commercial/industrial/retail project. Rancho California, CA project cost: $14,150,000. à $2.8 million joint venture equity 135,000 SF to be developed Industrial Park (San Marcos). à $1.6 million joint venture equity for “to be developed” 70,289 sq. ft. Office Condo project, Scottsdale, AZ à $2.8 million of joint venture equity for purchase of existing business park. Escondido) à $3.2 million equity joint venture, $10.632 million debt for 220 apartment units. (Rancho California) à $2.1 million joint venture for “to be developed” 136,000 sq. ft. Retail Shopping Center. (Sacramento) à 225,000 square foot freeway frontage commercial/industrial project. Riverside, CA
BROKERAGE/CONSULTING TRANSACTIONS
à Represented Buyer in Starker Exchange for purchase of 55,000 square foot industrial building and sale of a 21,000 square foot industrial building. Total transaction amount: $4,065,000. à Represented Seller of 22,010 sq. ft. retail center. Irvine, CA à $5.6 million construction loan for 135,000 Industrial Park San Marcos, CA à $6.7 million of permanent financing (take out loan). San Marcos, CA à $6.3 million purchase money loan for 125 multi-family units. Rancho California. à $1.5 million joint venture, debt and guarantor for “to be developed” 250,000 sq. ft. multi-building industrial park with freeway frontage. Riverside, CA à Consulted for 430 lot bankruptcy financing in Santa Clarita and Simi Valley. à Consulted for Courtside Village LLC prior to funding $10.5 million equity and $27 million acquisition and development loan. à Consulted for 40 lot subdivision with boat slips in Long Beach Marina.
LOT SALES
Courtside Village Master-plan, Santa Rosaà Sale of 111 Lots to Richmond American for $5.2mm à Sale of 22 Lots to Richmond American for $1.21 million à Sale of 8 lots for Richmond American for $452,000 à Sale of 80 Lots to Richmond American for $6,64 million à Sale of 38 Lots Masma Construction for $2.66 million à Sale of 32 lots to Masma Construction for $2.4 million à Sale of Balance of Courtside Village master-plan project which included; 24 Alley lots, 38-5,000 sf. Lots, 20,000 usable sq. ft commercial/retail site, 200 unit multifamily site for $12.1 million with participation with seller.
Stone Mountain, Las Vegas à Sale of 160 units to Signature Homes. à Sale of 128 units to Centex Homes.
Bank of America OREO Sales à Represented Bank of America and Buyer in purchase of 4.6 acres of single family detached. Anaheim, California $975,000. à Represented Bank of America and Buyer in Purchase of 95 lots, Med./High density (11 units per acre). $4,000,000. Orange, CA à Represented Bank of America and Buyer in Purchase of 100 lots, Med. density (9.2 units per acre). $6,550,168. Orange CA à Represented Bank of America and Buyer in Purchase of 53 Ridgeline lots, Med. density. $3,100,000. Orange, CA Represented Bank of America and Buyer in Purchase of 17 Estate lots. $2,241,485. Orange, CA. à Represented Bank of America and Buyer in Purchase of 33, 6,000 sq. ft. lots. (Sale, "as is” needs soil import). $1,643,765. Orange, CA.
(Note: the above transactions were Bank of America OREO properties, partially finished infrastructure and in need of reconfiguring the entitlements to build.
Huntington Beach à Represented Buyer and Seller in land purchase of 2.9 acres of high density residential (to be rezoned). $1,700,000. Huntington Beach.
Los Alamitos à Represented Buyer and Seller on 3.5 acre joint venture development of 51 single family attached units. Project value $8,500,000. Los Alamitos, CA
San Clemente à Represented Buyer and Seller for 17 unimproved hilltop ocean view lots. $3 million.
Cobblestone Group of Companies has additionally been involved in the funding of numerous residential transactions. Cobblestone has provided joint venture equity, mezzanine financing, and provide other development loan consulting services for these projects. The following is a partial list of such projects:
à 36 homes in Moreno Valley, CA à 45 homes in Fontana, CA à 76 homes in Loma Linda, CA à 76 homes in Temecula, CA à 83 homes in Fontana, CA à 83 homes in La Quinta, CA à 83 homes in Brentwood, CA à 89 homes in Riverside, CA à 90 homes in Palmdale, CA à 105 homes in Tuscany Hills, CA à 133 homes in Tracy, CA à 137 homes in Rancho Mirage, CA à 150 homes in Rialto, CA à 177 homes in Perris, CA à 422 homes in San Marcos, CA à 540 homes in Rancho Mirage, CA à 7 homes in Seal Beach, CA à 81 homes in San Marcos, CA à 133 homes in Phoenix, AZ à 81 homes in Scottsdale, AZ à 84 homes in Brentwood, CA à 68 homes in Brentwood, CA à 20 homes in Long Beach, CA à 215 homes in Rancho Mirage, CA à 83 homes in Alpine, CA à 72 homes in El Dorado Homes |
