Balboa Capital Group arranged the financing for the purchase of an 89-acre property, which included all remaining entitlements for a future master-planned community. The acquired property, which the borrower had already contracted to sell to a regional builder, is slated for a development consisting of approximately 856 residential units. 

The unit breakdown includes:
• 324 units of 3-story multifamily housing
• 229 2-story detached units
• 115 3-story townhomes
• 121 2-story townhomes
• 67 homes built for sale