, August 20, 2025
News Summary
Construction has started on a 14‑unit for‑sale townhome development at 3708 Lake Tahoe Blvd. and 3709 Osgood Ave. in South Lake Tahoe after securing an approximately $11.7 million, 18‑month construction loan arranged by a commercial mortgage banking firm. The project occupies two parcels totaling 0.72 acres and fronts Lake Tahoe Boulevard within walking distance of the lake, casinos and ski connections. Financing required no presales, allowing immediate site work, foundation and framing. Underwriting addressed resort seasonality and a higher land basis from zoning changes. The sponsor will complete initial build phases under the loan term and market units as they finish.
Gantry Arranges Roughly $11.7M Construction Loan for 14 Townhomes in South Lake Tahoe; Construction Underway
Construction financing has closed for a new for‑sale townhome project in South Lake Tahoe. A construction loan of about $11.7 million (reported in some places as $11.75 million) was arranged by a commercial mortgage banking firm on behalf of a private real estate investor. Work has now commenced on the site, which will hold 14 for‑sale townhomes on two adjacent parcels totaling 0.72 acres.
Top facts up front
– Project name: South Lake Tahoe Townhomes.
– Location: 3708 Lake Tahoe Blvd. and 3709 Osgood Ave., South Lake Tahoe, California.
– Units: 14 townhomes across two parcels that front Lake Tahoe Blvd.
– Site: within a short walk of the Lake Tahoe shoreline, Stateline casinos and local amenities.
– Financing: an 18‑month construction loan, arranged through a roster of lenders that specialize in construction financing.
– Construction: work has begun on the development.
Financing and underwriting
The loan was sourced through a firm that serves as a commercial mortgage banker and connected the borrower to a lender from its construction financing roster. The borrower is a private real estate investor. The loan term is 18 months, designed to cover the construction phase rather than long‑term permanent financing.
During underwriting, the financing team noted specific challenges tied to the resort nature of the market and recent adjustments to the project land basis following zoning changes. Despite those factors, the lender identified after an extensive review was willing to provide capital without requiring any pre‑sales prior to ground‑breaking. This allowed the developer to begin work promptly.
Project site and market position
The project sits on two parcels that total 0.72 acres and front the city’s main east‑west arterial, Lake Tahoe Blvd. The location is a short walk to the shoreline and offers ready access to Stateline casinos, nearby ski resorts, and the area’s recreational offerings. These travel and leisure draws shape seasonality and demand patterns in the market, which factored into lender underwriting.
Construction status and timeline
Construction has officially commenced. The 18‑month loan term suggests an expected construction period that aligns with an 18‑month funding horizon, after which the developer will need to secure either sales proceeds or transition to other financing if sales are not complete. The lender’s willingness to provide funds with no pre‑sale conditions removes a common early barrier and enables work to proceed on site.
Team and offices involved
The financing was arranged by a team that worked from multiple production offices. The team coordinated lender review and underwriting, and ultimately connected the private investor to a construction lender prepared to fund the project at the agreed terms. The transaction was publicly noted on Aug. 13, 2025 in the same content feed where the announcement was published.
Context in the development feed
This financing announcement appeared alongside a broader set of industry event notices and listings that cover conferences, webinars and networking events for sectors such as industrial, multifamily, seniors housing, student housing, net lease and retail markets. Examples in the same feed included regional conferences and a student housing webinar scheduled for early September. Those listings reflect the ongoing flow of development, capital and trade events that inform practitioners and investors.
What this means for buyers and the neighborhood
The start of construction signals that the project has cleared financing hurdles and can move forward without the need for immediate presales. For prospective buyers, that typically means an opportunity to watch the construction process and sign purchase agreements as units become available. For the neighborhood, the 14‑unit development adds for‑sale housing near core amenities and the lakefront, contributing to local housing stock and the built environment along a main thoroughfare.
Notes and reporting detail
Two closely similar loan totals were reported in the material accompanying the announcement: $11.7 million and $11.75 million. Both figures refer to the same construction financing arrangement. The loan was arranged through a broad set of construction lenders and carries an 18‑month term aimed at supporting on‑site development activity.
Contact and follow‑up
Further information on timing for sales or details about the townhome designs and unit mix were not part of the financing announcement. Interested buyers or local stakeholders should watch public permit filings and sales listings for unit-level details and sales launch dates as the project progresses.
Frequently Asked Questions
Q: What is being built at the Lake Tahoe Blvd. and Osgood Ave. site?
A: Fourteen for‑sale townhomes on two parcels totaling 0.72 acres, fronting Lake Tahoe Blvd., within walking distance of the shoreline and local amenities.
Q: How much financing was arranged for the project?
A: The construction financing was reported as roughly $11.7 million, with some reports listing $11.75 million.
Q: Who provided the loan?
A: A commercial mortgage banking firm arranged the loan and sourced it from a lender on its roster of construction financing providers. The borrower is a private real estate investor.
Q: When will construction be completed?
A: The construction loan has an 18‑month term. Exact completion depends on the construction schedule, permitting and sales timing.
Q: Were pre-sales required to secure funding?
A: No pre‑sale requirements were imposed by the lender identified for this loan, which allowed construction to begin immediately.
Key project features
| Feature | Details |
|---|---|
| Project name | South Lake Tahoe Townhomes |
| Address | 3708 Lake Tahoe Blvd. and 3709 Osgood Ave., South Lake Tahoe, CA |
| Units | 14 for‑sale townhomes |
| Site size | 0.72 acres (two parcels) |
| Loan amount | Approximately $11.7M (also reported as $11.75M) |
| Loan type | Construction loan |
| Loan term | 18 months |
| Construction status | Underway |
| Proximity | Short walk to Lake Tahoe shoreline, Stateline casinos, and local amenities |
| Borrower | Private real estate investor |
Deeper Dive: News & Info About This Topic
Additional Resources
- ReBusiness Online: Gantry secures $11.7M construction loan for South Lake Tahoe townhome project
- Wikipedia: South Lake Tahoe
- Tahoe Daily Tribune: Gantry secures $11.75M construction loan for South Lake Tahoe townhomes
- Google Search: Gantry construction loan South Lake Tahoe
- ConnectCRE: South Lake Tahoe townhomes line up financing
- Google Scholar: south lake tahoe townhomes financing
- Building Salt Lake: New townhomes on 2100 South approved by Salt Lake City Planning Commission
- Encyclopedia Britannica: Salt Lake City townhomes
- 42Freeway: Gibbsboro land cleared for Silver Lake townhomes (phase 1)
- Google News: Silver Lake townhomes Gibbsboro
Author: Construction NY News
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at constructionnynews.com, your go-to source for actionable local news and information in New York and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New York Build Expo, infrastructure breakthroughs, and cutting-edge construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of New York State and the Building Trades Employers' Association, plus leading businesses in construction and real estate that power the local economy such as Turner Construction Company and CMiC Global. As part of the broader network, including constructioncanews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
