2.25 Acre Land Acquisition – 132 Key Hotel Site
Transaction
Land acquisition financing of a 2.25 acre hotel site in Pomona CA.
Product(s)
Land loan – 12 months with extension options.
Challenge(s)
- No hotel construction experience
- Sponsors largest development project
- Short window for closing <15 days
The Result
Dunn Premier quickly assembled an executive summary package and engaged a land loan company that was able to expedite due-diligence reports and provide a commitment within 5 days. Our client was able to keep within the allotted closing contingency timeframe with the redevelopment agency seller.
