$18,300,000
Construction Loan & Mezzanine Debt
148-Unit Multi-Family
Thousand Oaks, CA
Highland secured a $17 million construction loan coupled with $1.3 million in mezzanine debt, comprising 90% of total project costs. The mezzanine was competitively priced at approximately LIBOR + 7% with no profit participation. This high leverage financing enabled the developer to maintain 100% ownership of the project.