Lender and broker reference
Hi Everyone ,
I have a client who is looking for $20m loan for his real estate project in Nevada.
THE PROJECT:
• Asset Type: Proposed Class A, 105-unit podium-style multifamily
• Location: Southern Nevada (Henderson submarket — one of the fastest-growing MSAs in the US)
• Site: 0.79 acres, infill location on major highway with transit access
• Product: Mix of 1BR/1BA and 2BR/2BA units, ~743 SF average
• Parking: Structured podium garage (105 spaces) + street parking
• Amenities: Clubhouse, fitness center, pool/spa, pickleball court, gated entry
• Status: Entitlements in progress, demolition-ready, construction start targeted Q3 2026
• Timeline: 24-month build, delivery 2028
THE NUMBERS:
• As-Is Land Value: $4M (per recent third-party appraisal)
• Hypothetical As-Stabilized Value: $25.7M
• Hypothetical As-Complete Value: $24.4M
• Total Dev Cost: ~$27M
• Seeking: $20M construction/bridge loan
• Developer equity + land contribution: ~$7M skin in the game
• Market rents in submarket: $1,577-$1,600/unit and climbing
WHY THIS DEAL:
✅ Infill location with strong demographic tailwinds (population growth 1.4% annually)
✅ Submarket occupancy 93-95%, rent growth projected
✅ Experienced developer with local track record (multifamily + value-add history)
✅ Class A product in supply-constrained submarket
✅ Transit-oriented site with new bus stop — city supported density
THE ASK:
Looking for direct lender, credit fund, or private capital group comfortable with:
• Ground-up construction or bridge-to-construction
• $20M facility size
• 18-36 month term with extension options
• Competitive pricing for experienced sponsor + strong market fundamental
Direct lenders and brokers DM for teaser, appraisal and the dataroom.
Warmest regards,
Hossein