Sale of 3,643 SF Lots Completed within Mountain House Master-Planned Community

An affiliate of Builder Advisor Group closed on a $362 million first-lien loan as lead lender for the purchase of a crown jewel Northern California master planned community’s remaining assets. The loan – to a private family buyer – will go toward the acquisition of more than 5,500 entitled and partially developed lots at San Joaquin County, CA-area Mountain House, a storied planned community, ideally suited to a hybrid work week in the greater San Francisco Bay Area.

“This picturesque community offers stylish new homes, impressive amenities, and the entire Bay Area is well within reach via Highways 205 and 580. At complete build out Mountain House will be home to more than 44,000 residents and feature a Safeway anchored shopping center (currently in lease up, Safeway opened in December 2022), employment hubs and an array of housing opportunities.”

Mountain House is an investment opportunity consisting of the sale of the entity that owns the remaining 3,646 single-family lots, ±120 acres of medium-high and high density residential, ±52 acres of mixed use land, and ±91 acres of industrial, commercial and agricultural land.”

The seller in the deal is CalPERS — the California Public Employees’ Retirement System – which invested in acquiring 2,400 acres of the community, initially as a partner of Shea Homes, in 2005 from the MPC’s original developer Trimark Communities.

Learn more in an article published by The Builder’s Daily Capital, “A $362 Million Loan to Buy NorCal Mountain House Assets Closes.”