Published on Monday, August 11, 2025
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Some other features include a private club, a town center and a 24-acre lagoon.
Intervest Capital Partners and Builders Capital are providing a $160 million loan for a residential development in Coachella Valley, California.
The borrower was listed under the entity of EC Rancho Mirage Holdings Limited Partnership, along with its affiliates. The financing, arranged by Walker & Dunlop, will support the construction of the first phase of the master planned community in Rancho Mirage, which is set to include roughly 1,900 residential units.
Some additional features at the community dubbed Cotino, include a private club, a town center and a 24-acre lagoon. Other amenities will be included as well, according to W&D.
W&D's exclusive advisors on the deal were Keith Kurland, Sean Reimer, Aaron Appel, Jonathan Schwartz, Christopher de Raet, Adam Schwartz, Dustin Stolly and Ari Hirt.
“Featuring a stunning backdrop of the Coachella Valley’s natural beauty and close proximity to Palm Springs amenities, the desire to live in Rancho Mirage remains high,” Reimer said in a statement.
“We are honored to work on this community, a groundbreaking project that blends unique lifestyle amenities and award-winning homebuilders. We look forward to seeing this extraordinary community come to life.”
A recent report from real estate data firm Markerr, found that smaller cities in California are expected to be the leaders in the state for rent growth. This includes markets like Merced, Stockton and Salinas, which Markerr forecasts will see 5.1 percent, 4.5 percent and 4.1 percent annual rent growth, respectively.