March 19, 2018 Comments Off on PCCP Provides $24M Acquisition, Renovation Loan for Vegas MF Views: 2082 National News, Nevada, West

PCCP Provides $24M Acquisition, Renovation Loan for Vegas MF

PCCP, LLC provided a $24.06-million senior loan to The Calida Group for the acquisition and renovation of Hampton Garden, a 180-unit apartment property located in Las Vegas’ Summerlin/Spring Valley submarket. The financing was arranged by CBRE’s Brian Eisendrath, Brandon Smith and Cameron Chalfant.

“The Calida Group is a successful Las Vegas-based multifamily operator that is active in the submarket,” said PCCP’s Mike Johnson. “Calida is planning a comprehensive renovation of the units and common areas to elevate them to be best-in-class product. PCCP’s loan provides capital for both the acquisition and renovation.”

Built in 2000, Hampton Garden is situated on nine acres at 9750 Peace Way. The garden-style apartment complex includes 16 low-rise buildings, a leasing/clubhouse building with fitness center, a resort-style pool and spa, picnic areas and six detached garages.

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