$17,000,000
Construction Loan
Development of 37 Single-Family Residences
Orcutt, CA
Highland Realty Capital arranged a $17.0mm construction loan for the development of 37 for sale single-family residences in Orcutt, along the central coast of California. We developed it as part of a larger master planned community known as Rice Ranch. We split the loan into 2 parts. A $5.0mm finished lot loan to refinance existing debt and a $12.0mm revolving line of credit to finance the construction.