Thomas Financial Group and Phoenix Lender Services Close $7.5 Million USDA Business & Industry Loan for Wander / Reset Hotel Hotel Near Joshua Tree National Park, Supporting Local Job Growth and Economic Vitality

JOSHUA TREE, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Thomas Financial Group and Phoenix Lender Services, subsidiaries of Community Bankshares Inc., are proud to announce the successful origination, underwriting, and closing of a $7.5 million USDA Business & Industry (B&I) loan for the refinance of a construction loan to build the Reset Hotel, a high-impact hospitality project located just five minutes from the north entrance of Joshua Tree National Park.

The loan was originated by TFG and funded by Community Bank & Trust (CB&T), also a subsidiary of CBI. Phoenix Lender Services (PHX), serving as the lender service provider (LSP) for CB&T, supported the underwriting and closing process, demonstrating the powerful coordination among CBI's specialized entities to move complex transactions forward quickly and efficiently.

This strategic investment will create and retain over 20 jobs and is projected to generate millions in annual economic activity throughout the Morongo Basin region. The USDA loan was coupled with a $11.2MM CPACE loan as part of the capital stack as well. TFG is comfortable filling the gaps in the capital stack utilizing alternative capital sources such as CPACE, ITC, HTC, NMTC, and EB5.

Situated on 11.17 acres directly adjacent to the park boundary, the 65-key modular steel-frame hotel will deliver unobstructed views of Joshua Tree National Park and provide guests with a first-of-its-kind lodging experience that blends upscale comfort with rugged natural beauty.

The Reset Hotel will feature a host of premium amenities, including:

A 1,000-square-foot swimming pool with a surrounding sun deck, private cabanas, and a full-service bar

A 3,000-square-foot clubhouse with air-conditioned meeting space for corporate events ...