The Harmony at Santa Barbara

Overview

Deal Type Construction
Private Placement
Size $12,500,000
Construction
Client & Transactional Partners The Harmony at Santa Barbara
McDowell Housing Properties

Summary

The project will encompass the construction of 3 new buildings on a 3.78-acre site ground leased to the Borrower from Collier County. The ground lease has a term of 99 years for an annual cost of $10. The two residential buildings will be 3 story and the separate clubhouse will be a single-story building.

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