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Shopoff Realty Investments Secures $47 Million Construction Loan And Breaks Ground On 131-Home Build-For-Rent Project In La Quinta, Ca

Jan 11, 2022•over 3 years ago

Amount Raised

$47 Million

Irvine

Description

Shopoff Realty Investments ("Shopoff"), a national manager of opportunistic and value-add real estate investments, announced today that the company has secured a $47 million construction loan from CoreVest Finance for SolTerra, a 131 single-family-home, build-for-rent project located in La Quinta, California, at the southwest corner of Auto Center Drive and La Quinta Drive. This project is a co-development in partnership with Argosy Real Estate Partners.

Company Information

Company

Shopoff Realty Investments

Location

Irvine, California, United States

About

Shopoff Realty Investments is an Irvine, California-based real estate firm with a 30-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties and the entitlement of land assets. The 30-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame, with certain offerings generating losses. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.

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