The Cliffs Communities Loan

WHP provided a $20mm 1st mortgage to The Cliffs Communities, Inc. secured by a portfolio of highly amenitized lake lots and raw land in an environment where traditional sources of financing had become particularly scarce. The Cliffs' domestic properties include eight premier, private master-planned residential communities located in the heart of the Carolina Preserve near Asheville, NC and Greenville, SC, collectively bordered by hundreds of thousands of acres of national forests and state parks in the Blue Ridge Mountains.

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