Mesa Grande Band of Mission Indians, California
ILCC provided an $895,000 loan to the Mesa Grande Band of Mission Indians to help finance the purchase of a 40-acre parcel adjacent to the Tribe’s Golden Eagle Farm. Located about 90 minutes northeast of San Diego, the farm is situated 12 miles east of the community of Ramona. The area is a popular tourist destination with a variety of outdoor recreation opportunities, wineries and other agritourism attractions. The centerpiece of the property is a 5-bedroom, 4-bath home that is being converted into two vacation rental units by the Mesa Grande Business Development Corporation (BDC), the Tribe’s economic development arm which is focused on developing agritourism enterprises.
Big Valley Rancheria, California
Located 120 miles north of San Francisco in Lake County, the Big Valley Rancheria is in the heart of a popular recreation area surrounding Clear Lake, the largest natural lake located wholly within the state of California. ILCC provided $2.6 million in financing for initial site preparation on a $28 million retail development. The commercial center will include a 4,500 square foot convenience store and a 20-pump gas station with four-pump island for recreational vehicles. Plans include a washing station for boats and automobiles, a drive-through smoke shop and a Class II gaming facility. The development plan features 168,000 square feet of retail space, a laundromat, coffee shop, and space suitable for a quick-service restaurant.