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Investment Structure: a +/- $20 million investment consisting of $10 million of senior debt and +/- $10 million of mezzanine debt.
The transaction involved a thorough analysis of the intricate equity structure that had evolved during the initial stages of this development as well as the additional complexities resulting from the property-wide 2,840-acre conservation easement. TriLyn created a senior/sub structure to recapitalize this 4,400-acre private mountain/golf community project, which includes various infrastructure, home-site and amenity components under development, including:
- 350 homesites,
- 18-hole Arnold Palmer golf course,
- 18,000 sq. ft. clubhouse, sports complex with tennis, pool & fitness areas,
- Nature center and equestrian facility,
- 20 miles of bridle paths, hiking & mountain biking trails,
- Dining facility, and
- 40 fractional units in 10 cottages.
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