Challenge: This development required new funding to support their sales momentum in a down market.
Solution: Alpen Mortgage secured refinancing and provided funding within 6 weeks of application.
Loan Amount: $20,810,000
Loan Type: Refinance and Vertical Construction
Term: 24 Months
Mountain Meadows Estates is a 75-home subdivision in Genoa, Nevada in the foothills of the Eastern Sierras. This community is currently under construction by Carter Hill Homes, a regional developer with over twenty years’ experience in developing property. Alpen was proud to be able to step in and help revitalize the project with critical construction financing.
Carson Valley - Mountain Meadow Estates - Carter Hill Homes