Balboa Capital Group successfully secured an $8.9 million bridge loan for the purchase and rehabilitation of a Polo Club in Houston, TX. This financing also included coverage for the development of surrounding lots, which are slated for sale to custom homebuilders.

This $8.9 million bridge loan was tailored to meet the client’s comprehensive needs, covering the acquisition, necessary rehabilitation, and future development costs. The financing strategy focused on leveraging the property’s significant size and prime location in Metro Houston to facilitate a successful sale of the developed lots. The loan package enables the revitalization of the expansive 200-acre country ranch and its distinguished amenities, setting the stage for lucrative future sales.