California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
LA’s PCCP Provides $59M Acquisition Loan for Reno Multifam
Los Angeles-based PCCP, LLC has provided a $59 million senior loan to LDK Ventures for the acquisition of Integra Peaks at Damonte Ranch, a 300-unit apartment community in Reno, NV. The garden-style complex is currently under construction, with completion expected by March 2023.
“LDK Ventures is a long-standing PCCP relationship, and this loan marks our seventh transaction with the firm across both our debt and equity platforms,” said Dorian Farhang, Senior Vice President with PCCP. “Integra Peaks is poised to be one of the premier Class-A apartment communities in the South Reno submarket.”
Integra Peaks consists of five, four-story buildings and ten two-story carriage style buildings. The unit interiors will feature vinyl plank flooring, island kitchens and balconies with mountain views. Community amenities will include a clubhouse, fitness facility, cybercafé, pool with cabanas, outdoor firepits and a dog park.
- ◦Financing
