JDI funded a senior-secured loan supporting a large-scale residential land development in Palm Springs, California. The collateral consists of land fully entitled for around 120 single-family residential lots and additional land approved for nearly 500 detached homes, townhomes, and apartments. The loan provides flexible capital to advance key entitlement and predevelopment milestones. Before closing, the first phase of 120 lots had multiple purchase offers from prominent homebuilders, pending final recording of the subdivision. A partial repayment is anticipated following the sale of this initial phase, while remaining loan capacity supports continued planning and predevelopment for future phases. The project sponsor is a California-based real estate development firm with decades of experience in large-scale land entitlement and community development.
.png)
