$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. The development is part of a larger master planned community known as Rice Ranch. The loan was split into a $5.0mm finished lot loan to refinance existing debt, and a $12.0mm revolving line of credit to finance the construction.