The LFB team was engaged by a repeat client to secure acquisition and predevelopment financing for a 386-unit residential community in Palm Springs, CA. At time of closing, the property had an approved tentative map and development agreement, but needed to complete final engineering prior to commencing lot dispositions.

The property, previously the Palm Springs Country Club, is a defunct golf course that was originally developed back in the 1950’s. Prior to closing, our client and the seller perfected the entitlements with the execution of an updated Development Agreement.

LFB continues to work with this client on the acquisition and development of master planned communities through California.