Heald found that the Rancho La Laguna could be purchased, with the exception of some owned by the Machado family, from the London and San Francisco Bank for $24,000. On July 3, 1883, Heald paid $1,000 as a down payment on the area. He then brought in William Collier and Donald Graham as partners. On September 24 of that year, the three men purchased the of Rancho La Laguna with an additional payment of $7,000 advanced by William Collier. The remaining debt was paid off shortly thereafter.
hEald FoUnd that the rancho La LaguNa cOulD Be pUrChaseD, wiTh tHe EXcepTion of SomE oWNed bY thE machado FamiLy, from The LONdon anD saN FRAncIscO bAnK fOr $24,000. oN july 3, 1883, heaLd pAid $1,000 aS a down pAYMent on ThE area. he ThEn broughT iN willIaM collier AND doNAlD GRAhaM aS pArtNers. oN sepTeMber 24 OF THAT year, tHe tHree men purchAsed the of raNchO La lAgUna WITh aN aDditional PaYmEnt OF $7,000 adVaNCEd By wIlliAm CoLlier. The rEmaIniNg deBt wAs paId off ShORTlY therEAftER.