Las Vegas Land Refinance | Las Vegas, Nevada | $25,774,877

Deal Summary: ABP Capital worked to refinance existing debt encumbering a 66.63 acre parcel of world class real estate located minutes from downtown Las Vegas. The parcel contains frontage on both Las Vegas Boulevard, Interstate 15 as well as Blue Diamond Road and presents potential buyers with a lucrative stake in the Las Vegas real estate market. ABP Capital stepped in after the borrower’s request to refinance was turned down by the bank due to a lack of interest in land parcels. Recognizing the substantial amount of equity locked up in the parcel, ABP was able to rapidly underwrite and close this massive $25 million deal in a matter of days. While markets show signs of improvement since 2008, traditional lenders are still unable to perform; citing cash flow issues as the number one concern.

Property Size: 66.63 Acres