5.7MM – California – Land Development

Area

Ventura, CA

Property Type

Unentitled land/development site

Loan Type

Bridge Financing

The sponsor requested a $2mm cash out to finalize soft cost, permitting and entitlements. The site contains approx. 6 acres 1 block from Ventura Beach zoned for 98 Condo units w/ retail. In the last 10 months, LFCP has provided $56.2mm in funding for this Sponsor across 3 separate transactions.

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