The site is located on Blue Diamond Road at South Cimarron Road,which sits between South Durango Drive and South Rainbow Boulevardin the Mountains Gate planned community. The developers are aCharles and David Rotkin, owners of Rotkin Real Estate Group out ofNewport Beach, CA, and Kevin Golshan, a Las Vegas based developer.Leslie Lundin, senior vice president of Inland Mortgage, originatedthe loan.

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The development, Cimarron Square, will have 36,664 sf of retailspace situated in two retail buildings and three developableout-parcels. The buildings will have a Tuscan facade in keepingwith the overall design of Mountains Gate.

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Lundin tells GlobeSt.com she was able to loan 100% of the costbecause the borrower will be adding value via the development andlease-up of the property. The loan was funded with just 15% of theproperty preleased, though preleases for another 15% of theproperty were deep in negotiation at the time, she says.

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