Quails Springs Village is a 75-unit multifamily property located in Joshua Tree, California. The property consists of 11 single story buildings on a 7.15 acre site. All of the units are 2 bed / 2 bath units of approximately 975 SF with covered patios. Property amenities include 3 onsite laundry facilities (equipment owned by property), clubhouse, pool, spa, and a storage locker for each unit. Area amenities include the San Bernardino County’s Sunburst Park and Joshua Tree Community Center

Tower Capital’s client is an experienced multifamily investor based in Los Angeles. He owns and operates a portfolio of approximately 5,000 units located in California, Arizona, and Oklahoma. The borrower plans to tighten up the property operations and perform light renovations out of cash flow over the first couple years of ownership to boost NOI and overall value of the investment.