Bolour Provides Entitled Land Financing For Kaiser-Adjacent Master-Planned Site
Collateral Release Provisions
BOLOUR has provided entitled land financing for a four-parcel site situated adjacent to the newly constructed Kaiser Permanente Hospital in Modesto, California. The $2.2 million loan will be secured by a 240,000-square-foot land site located within a master-planned medical office, retail and hospitality development across the street from Kaiser’s Modesto campus. The site is located within a rapidly growing submarket, featuring exceptional demographics, robust development activity and home values in excess of $1 million dollars. BOLOUR assessed these strengths and the value added through entitlements and achieved a loan equal to 95% of the borrower’s cost. It then provided an 18-month, first trust deed loan at 55% of the property value.
BOLOUR is a fully integrated real estate investment, development and finance firm that invests in value-add assets in emerging and transit-oriented neighborhoods.
BOLOUR is a fully integrated real estate investment, development and finance firm that invests in value-add assets in emerging and transit-oriented neighborhoods. Property types include: urban infill land, retail, industrial, multi-family and mixed-use. As a part of its platform, BOLOUR provides individually designed debt solutions with a track record of offering quick closings and designing creative loan structures. The company currently lends in 17 states: CA, AZ, TX, OR, CO, ID, UT, WA, TN, NC, GA, PA, MA, DC, MD, VA, IL.
For more information, please contact:
8383 Wilshire Blvd. Ste. 460
Beverly Hills, CA 90211
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