$23MM LAND BRIDGE IN TEMECULA

We are pleased to announce that we have recently closed $23MM Land Bridge Loan on a property in Temecula, CA

This transaction featured a unique property condition that required a lender to deeply understand entitlement processing and multiple product types.  The property entitled for a variety of different beneficial and viable uses, however, it was pre-sold to two separate bulk buyers who required a zone change, and general plan amendment . Beachrock was able to find a lender that not only understood the overall strength of the market in Temecula, but also understood the underlying value of the land given the variety of "by-right" uses.  

Our client supported the effort given his in-depth knowledge, and proven track record in the municipality. Additionally, the collateral was arguably the best remaining parcel in the region!

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!