US: Investment platform Concord Summit Capital (CSC) has closed a $781 million construction loan for the Four Seasons Private Residences Las Vegas.
JP Morgan provided a $526 million senior loan, and Sculptor Real Estate and Morning Calm Management provided $255 million in mezzanine and preferred equity combined.
The ultra-luxury Four Seasons Private Residences comprises 171 condominium residences and 21 custom-built single-family homes within MacDonald Highlands – an exclusive gated community. Prices range from $5 million to $35 million, with 75 per cent of the homes sold
It marks the brand’s first stand-alone residential offering in the city.
Construction is underway and is expected to be delivered in mid-2027. It is being developed by Two Roads Development and Luxus Developments in partnership with Azure Resorts & Hotels and Four Seasons.
Kevin O’Grady, chairman of CSC, said: “This construction financing is a remarkable display of Concord Summit Capital’s depth of experience, both in this type of product as well as structured finance, having closed over 110 condominium towers across the country. It also speaks to the depth of Concord Summit’s capital relationships and its capacity to guide complex developments from land acquisition through full vertical capitalisation.”
Tyler Beauregard, managing director of CSC, added: “Concord Summit became involved when the project was still just a concept, and it’s been rewarding to help guide it from the formation of the partnership through land acquisition, horizontal development, and now vertical construction, all while achieving over $700 million in pre-sales by the time construction commenced.”
Highlights:
- Concord Summit Capital has closed a $781 million construction loan for the Four Seasons Private Residences Las Vegas, backed by JP Morgan, Sculptor Real Estate, and Morning Calm Management.
- The project includes 171 luxury condos and 21 custom homes in the MacDonald Highlands community.
- Prices range from $5–$35 million and 75 per cent of residences have already sold.
- It marks the first stand-alone Four Seasons residential project in Las Vegas.
- Construction is underway with completion targeted for mid-2027, supported by developers Two Roads Development, Luxus Developments, Azure Resorts & Hotels, and Four Seasons.
