An affiliate of Mosaic Real Estate Investors has provided The Robert Green Company with $212.25 million in construction financing for the 145-acre first phase of the master-planned SilverRock Resort and Residences mixed-use development in La Quinta, Calif. The Robert Green Company specializes in luxury hospitality and mixed-use development throughout the Western United States.
The three-year senior construction loan, arranged by George Smith Partners, will be used to fund the predevelopment and construction costs of a 140-key Montage Resort, a 200-key Pendry Resort, 10 luxury golf villas, a shared service and conference facility, and a golf clubhouse.
“As Coachella and other desert festivals increase in popularity, there is tremendous growing demand for high-level hospitality product, making this new resort and luxury living community the highest and best use for t
