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.
