The project consisted of a medical office condominium building starting from the acquisition of raw land through the entitlement process and construction in a period of less than 3 years. Working with the challenging City of Rancho Mirage, we were successful in the entitlement process and being able to place equity on this project. All the medical office condominiums were sold upon completion of the construction and all investors expectations were met in a timely and successful manner.

The project consisted of a Medical Condominium Office Building starting from the acquisition of raw land through the entitlement process and construction. From land acquisition to occupancy was a process of approximately 2.5 years. Utilizing the leases as equity, the strategy for financing this project was one that required no equity from the partners. Working with the lender, this was a successful deal whereas the lender financed this project with no equity required. Furthermore, our understanding of the leasing process was able to negotiate a 10 year guaranteed lease in one day, allowing for this financing strategy.

The project consisted of acquisition of raw land, the entitlement process and construction within a 3 year time frame. Consisting of two phases, the first phase was development of the retail/office portion and the second was more retail and high-end residential condominiums. Working with the Wailea Community Association and the County of Maui, this proved to be a challenging project, requiring approval from two separate entities in a community of anti-development activists. Investor capital was procured at the onset of the project and the financing was obtained through First Hawaiian Bank. The Town Center proved to be very successful and is, currently, an integral part of the general Wailea region.