An LLC formed by ING Bank has sold 13 finished lots and 2 production homes to a private investor operating as Dos Palmas Development, LLC.  The lots were located in the Country Club Estates development in Palm Springs.  A number of the lots are golf course view lots.

The sale of the lots closed on June 12, 2009.  Recorded information shows that ING took title to the lots through foreclosure in January of 2009.  The bank bid $2.5 million at trustee’s sale, though the full amount of the note was in excess of $7.5 million.  The sale amount to Dos Palmas Development is unknown.

The deal was brokered by Steve Bari and Erik Christiansen of the Hoffman Company.

Bari and Christiansen can be reached at 949-553-2020.