Regency Capital Partners

Roddy Ranch


Roddy Ranch

Summary

Regency Capital Partners (“RCP”) arranged first mortgage financing for Roddy Ranch, a 2,156 acre site located in unincorporated Contra Costa County, California. Despite the asset just recently emerging from bankruptcy, Regency Capital Partners was able to secure a 5-year, non-recourse, floating rate facility which provided the necessary funds for the borrower to obtain annexation into the city of Antioch, California and secure final maps and entitlements to develop 700 units of executive level housing on the property and sell off the 235-acre award winning golf course.


Transaction Details

LOAN AMOUNT $36,000,000
FINANCING TYPE Bridge
LENDER TYPE Credit Company
PROPERTY TYPE Land
PROPERTY ADDRESS
Map
#1 Tour Way
Antioch, CA
PROPERTY DESCRIPTION A golf club set in the rolling hills between the East County cities of Antioch and Brentwood.