By Mack Burke May 12, 2021 7:00 am
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ACORE previously provided a $107 million construction loan on the project’s first phase at the start of 2019.
The second phase will see the construction of six residential condo buildings, comprising 48 two-, three- and four-bedroom residences, some of which will be set up as one- and two-story lofts, ranging from 1,256 to 2,831 square feet, according to JLL.
“Units will include modern, sleek design elements, including open floor plans, 10-foot ceilings for standard units and 20-foot ceilings for lofts, state-of-the-art appliances and miraculous views of Lake Tahoe’s forestry as well as access to the only lakefront beach club in South Lake Tahoe,” said Excel President and CEO Mark Burton.
Overall, the resort-like residential asset is situated on a 20-acre piece of land, and is the first private condo and beach club property Lake Tahoe has seen in decades. When completed, it will sport 143 residences.
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Content retrieved from: https://commercialobserver.com/2021/05/acore-capital-115-million-loan-lake-tahoe-tahoe-beach-club-condo-excel-realty/.