$3,450,000 Construction Loan in Carlsbad, CA

AB Capital provided construction financing for a fully approved condominium development in the San Diego neighborhood of Carlsbad. This 3 condominium project is located 1 block from Cherry Street Beach. Once complete, all 3 units will have rooftop decks with ocean views. Unit A will offer 2,060 sqft of living space with 3 bedrooms and 3 bathrooms; Unit B will offer 2,007 sqft of living space with 3 bedrooms and 3 bathrooms; Unit C will offer 1,828 sqft of living space with 3 bedrooms and 3 bathrooms. This loan is phase funded and comes with  a personal guarantee from the sponsor.