RV Park Development Opportunity on California/Arizona Border

This listing presents a development opportunity for a fully entitled and well-located parcel of land situated on the California/Arizona border. The project aims to establish a new RV park under the reputable KOA brand, capitalizing on the significant and growing demand for outdoor recreation and RV travel. The sponsor is seeking a $6,000,000 loan to finance the construction, which will be completed in three phases: $2,000,000, $1,000,000, and $3,000,000. Income generation is projected to commence upon the completion of the first $2,000,000 draw. The projected value of the development is estimated to reach $3.3M after phase 1, $4.5M after phase 2, and a substantial $12.5M upon completion of phase 3. The land currently has $250,000 in debt. The sponsor has committed $2,000,000, will personally guarantee the loan, possesses a strong middle FICO score of 760, and has a net worth of $3.5M. This opportunity is ideal for investors looking to capitalize on the booming outdoor recreation market.