Concord Summit Closes $781M Financing for LV Four Seasons Residences
Concord Summit Capital (“CSC”) secured $781 million of total construction financing for The Four Seasons Private Residences Las Vegas.
CSC’s Kevin O’Grady and Tyler Beauregard served as the exclusive advisors to Two Roads Development, Azure Resorts & Hotels and Luxus. JP Morgan provided a $526 million senior loan, and Sculptor Real Estate and Morning Calm Management provided $255 million in mezzanine and preferred equity, combined.
The Four Seasons Private Residences comprises 171 condominium residences and 21 custom-built single-family homes within MacDonald Highlands, an exclusive gated enclave nestled in the foothills of Henderson, Nevada. Prices range from $5 million to $35 million, with 75% of the homes sold.
The Four Seasons Private Residences Las Vegas marks the brand’s first stand-alone residential offering in the city, reflecting continued demand for branded luxury living and underscoring the strength of the Las Vegas ultra-luxury market.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout