$14,300,000 Construction Loan &$3,700,000 JV Equity
For Sale Townhome Development
Highland Realty Capital secured a $14.3mm construction loan and $3.7mm of joint venture equity for the development of 52 for sale townhomes in Orcutt, along the central coast of California. The townhome development is the final phase of a larger subdivision known as Rice Ranch. The property is nestled against 580 acres of open space and owners will have direct access to hiking and biking trails. The construction loan was arranged with a local bank and the joint venture equity was sourced through a private capital group.