Priority Capital Closes $174M Financing for Multifamily Project in Santa Maria, California

Priority Capital Advisory Announces $174M Construction Loan for 302-Unit Blosser Ranch in Santa Maria

Zachary Streit, Founder and President of Priority Capital Advisory, announced the closing of a $174 million loan on behalf of the ownership for Blosser Ranch, a 160-acre master-planned development in Santa Maria, California, the largest city in Santa Barbara County. The apartments will feature studio, one-, two-, and three-bedroom floorplans ranging from 490 square feet […] The post Priority Capital Advisory Announces $174M Construction Loan for…

Priority Capital Closes $174M Financing for Multifamily Project in Santa Maria, California

SANTA MARIA, CALIF. — Priority Capital Advisory has closed on $174 million in construction financing on behalf of the ownership of Blosser Ranch, a 160-acre master-planned development in Santa Maria. The financing funds both horizontal and vertical construction for the first phase, a three-story, 302-unit, garden-style apartment community on 12 acres. Additionally, the funding recapitalizes the remaining land within the entire development, posit…