Shopoff provides $3.5 mln loan to Rancho Village Partners

Irvine, California-based Shopoff Realty Investments, a real estate investment firm, has provided a $3.5 million loan to Rancho Village Partners, a Nevada limited liability company in the Las Vegas metro area. The financing will be used for Rancho Village Partners to acquire 33.5 acres of land, which the company plans to use for multifamily development.

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