Trumark Homes has closed a deal for up to 75 planned residential units on 11.84 acres of land in Lake Forest.  The property was acquired from the Whisler Family Trust and closed on August 3, 2009.  According to a press release on the deal, Silver Oak Investors provided the equity to close the transaction.  We previously reported Silver Oak acquiring 29 finished lots in Lake Forest that are located within one mile of Trumark’s acquisition.

The total purchase price for the transaction was $4.8 million.

Trumark has been an active player in the vulture market and acquired a development deal in Upland earlier in the year.

The deal for the land in Lake Forest was brokered by David McSwain of the Hoffman Company.  McSwain represented both Buyer and Seller and can be reached at 949-553-2020.

Trumark can be reached at 949-788-1990.