Douglas Wilson Companies (DWC) is pleased to announce that its brokerage division was honored on January 29 at the SDDT’s “The Real Deal” award ceremony for their 2013 Luckey Ranch note sale. The sale was also featured in SDDT’s Commercial Real Estate Report:
Douglas Wilson Companies completed the sale of a non-performing note with a $21.6 million balance to MFC Imperial I, LLC. The seller was an undisclosed major international financial institution. The note was secured by the 170-acre Luckey Ranch in Brawley, which includes a mixture of 273 residential single-family lots, 332 duplex lots, single-family and duplex model homes, and approximately 31.5 acres reserved for multifamily development.
Read the full sale description — including obstacles and challenges to completing the transaction — on SDDT’s website.
Douglas Wilson Companies’ role as court-appointed Receiver and broker for sale of the historic Rainbow Lodge was featured in The Sacramento Bee. The recent article also highlights the firm’s 2012 receivership sale of the Royal Gorge Cross Country Ski Resort — America’s largest cross country ski resort, with its 3,000-plus acres of trail systems and the Summit Station day lodge:
Generations of Sacramento-area residents have stayed at the historic Rainbow Lodge near Donner Summit for cross-country skiing, fishing and other outdoor pursuits. But the storybook lodge, made from native granite and heavy timber, fell on hard times in recent years after its prior owners defaulted on their loan and a court-appointed receiver took over.
In late December, the venerable inn was purchased out of receivership by a family from Rocklin, which plans to reopen it in February and restore some of its century-old grandeur.
Read the full article on The Sacramento Bee’s website.