Transaction: Ritz Carlton Club, Santa Barbara, CA
Property Type: Land for Condo-Hotel Development
Structure: Hard Money Land Loan
MF Investment: $25,500,000
Date: Jul 2005
Broker: None
Senior Loan: N/A - Whole Loan issued by MF
Description: Ritz Carlton Club, Santa Barbara, CA
Prominent Santa Barbara Investor/Developer required bridge financing to provide additional time to finalize their construction loan and equity funding on their proposed Ritz-Carlton Club, a 62 unit private residence club located on State Street in Santa Barbara.
 

 

Mountain Funding is a private lender and investor providing bridge loans, hard money loans, high-leverage debt and equity for real estate projects nationally. Our real estate financing is structured to help real estate owners and operators seize new opportunities and/or add value to their existing projects. Our unique financial structures are perfect for non-conventional situations that often require quick closings.

Mountain Funding provides acquisition, development, and construction financing to land, residential development, shopping centers and malls, apartments, condominiums and other non-stabilized value-added opportunities.