Mountain Funding Teams With Developers On Utah Community

Law360, New York (July 30, 2013, 7:37 PM ET) -- The private equity arm of North Carolina-based real estate financier Mountain Funding LLC has formed a joint venture with two Utah developers to build a master-planned, 199-lot housing community in a suburb of Salt Lake City, Mountain's subsidiary announced Tuesday.

Mountain Real Estate Capital said it had closed an investment with a venture between Utah homebuilder Candlelight LLC and master-planned community developer DAI LLC. The community, known as Santorini Village, will be located in the South Jordan school district and neighborhood, located south of downtown Salt...
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