Flipside Lending closed on a $2.0MM construction loan for the first phase of a 5,500-acre master-planned community in Vermont. With over 1,400 existing homes and a full suite of amenities (including skiing, swimming, tennis, golf, and dining) Quechee Lakes represents one of the most established resort-style residential communities in New England.
This initial phase includes three 4-bedroom, 3-bath single-family homes totaling 4,857 square feet. With at least one unit presold prior to closing, the project entered with lower leverage and strong built-in demand.
The sponsor is an institutional-quality developer with over $100MM in assets under management and a proven track record in commercial and multifamily projects. Flipside structured financing at 64% LTC and 60% LTARV, balancing conservative underwriting with the capital support needed to launch Phase 1 of a multi-phase 224-home development.
This deal showcases Flipside’s ability to fund institutional sponsors on master-planned community projects, combining speed, creativity, and disciplined leverage.
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