Mountain House Developers Lands $305MM Credit Facility from Avila for 3,000 Lots in California’s Newest City
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Three years after borrowing to buy CalPERS out of one of the pension giant's most punishing real estate bets, the developer of Mountain House has gone back to the same lender for a second facility, this time with capi…
External link. Real Estate Trail does not republish source content.
More from the wire
News | California investor enters Chicago market with suburban shopping center purchase
Objector petitions for rehearing in NAR settlement appeals
Friedman says his REBNY claims are separate and should not be bundled into NAR-related settlement terms.
NAF lays off 160 employees in consumer direct division
Lender said the layoffs were made in response to current mortgage market conditions
Edina Realty launches AI-powered website
Edina Realty has grown into one of the largest real estate companies serving Minnesota and western Wisconsin
JLL Income Property Trust Fully Subscribes $197 Million Diversified DST
CHICAGO, Sept. 3, 2026 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX) with approximately $7.0 billion in…