The Summit is a 555 acre development in Summerlin, Las Vegas. This is one of the most upscale communities or “lifestyle community” in Las Vegas. Amenities include golf, shopping, dining, exercise, tennis, spas, theater, bowling, and concierge services. Lot prices range for $1.8M to $10M. The borrower purchased the lot backing the early stages of the development in 2017 before the development broke ground. This luxury home sits on a 39,249 sq ft lot and will be 8,384 sq ft, with 4 bedrooms, 6.5 baths with golf views and a pool. The completed home has been valued at $8.5 million making the LTV 67.1%.
The broker that brought the deal to us has had a long standing relationship with SFG. He knew it was time to stop messing around and get the job done with SFG’s exceptional construction program. When you need certainty of a closing call SFG!
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Bellevue, WA 98004