LAKE FOREST, CA—GlobeSt.com has learned exclusively that Landmark Capital Advisors has completed a $100-million refinancing and development loan for Portola Center South, a 626-home community on a 95.5-acre site here. The firm completed the complex transaction on behalf of SunRanch Capital Partners, a partnership between Sunrise Co. and Baldwin and Sons, two private residential community development companies based in the Western US.
Landmark secured senior debt through a bank lender with the intent of providing capital to improve the site and deliver lots to builders in a blue-topped condition. The team representing the client was composed of Landmark's managing director Adam Deermount and senior advisor Terry Ruckle.
According to Shawn Baldwin, president of Baldwin and Sons, “We made the decision to begin grading, and land development began in June, prior to completing the restructured financing, so that we could meet our development schedules to deliver lots in the first and second quarters of 2016. We have had a very productive relationship with Landmark Capital Advisors, which gave us the confidence to commit to move forward.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
