February 22, 2018 Comments Off on Funding Secured for Two Coastal Housing Developments Views: 2467 California News, San Diego

Funding Secured for Two Coastal Housing Developments

Encinitas, CA-based ABP Capital funded $13 million in refinance and construction loans for two California coastal housing developments that represent the finance and investment firm’s efforts to bridge the housing gap and meet market demand in seaside communities.

The transactions include a $10.6 million refinance loan for The Enclave at Seabridge, a new 42-unit waterfront luxury condominium in Oxnard, CA (pictured) and a $2.3 million loan for the ground-up construction of twin 2,405 square-foot single family townhomes on the bluffs of Encinitas, CA.

ABP Capital’s Michael Persall says, “These transactions united our ability to deliver capital, expertise and creativity with strong product offerings to enable our borrowers to continue moving their projects forward.”

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