Location: SANTA BARBARA, CA

Loan To Value: 70%
Loan Type: Rate and term refinance
Total Loan amount: $3,000,000

The developer needed more time for coastal commission to complete their review of the proposed project. Their current bridge loan lender was not willing to provide an extension so a refinance had to be done and we were able to obtain a loan that met their current principal debt. This future coastal estate will be the new shining object in the California coastline.