Invent Development Partners has obtained $50 mil of construction financing for Phase I of the Lionsback Resort in Moab, Utah, a 175-acre development located adjacent to internationally renowned Canyonlands and Arches National Park in eastern Utah. 

Proceeds from this fixed-rate, non-recourse construction loan will be used to complete the Phase I onsite infrastructure improvements and vertical construction of the initial 34 single family homes, as well as the horizontal infrastructure of Phase II. To be built over five phases, at build-out, the $350 million development will include 188 single-family residences “Casitas” and a luxury, destination resort hotel. Invent says the resort hotel will include 150 guest rooms, including a spa, fitness center, pool, restaurant and 7,500 square foot convention center and wedding venue. The project will be the first luxury residential/resort development in the city of Moab. 

The financing was arranged by Sonnenblick-Eichner Company. The non-recourse loan came in at 85% of cost.