Deer Canyon Preserve
The 400-acre site is a 103-lot Residential subdivision located in a ski resort area in Utah. The original loan was to pay off existing lien holders and complete infrastructure construction.
- Loan Amount: $31.5 Million on Loan I (OCT. 2005), rolled-over to Loan II in the amount of $46 Million (Jan. 2007)
- Underfunded Portion: nearly 10% of the total loan amount -$3.8 Million per the addendum, but later documents note $4,451,800
- PCF Fees Charged: $4,560,300 + other fees may have been charged and/or accrued including management, restructuring, forbearance, and foreclosure fees
Original Point Center Loan Summary
Click here to view the original loan summary for DCP I
Click here to view the original loan summary for DCP II