$8,500,000 Acquisition & Construction Loan in Oakland, CA

AB Capital provided financing for the acquisition and construction of a 38 unit apartment building that will sit over 1,432 sqft of ground level retail. The development site is located in a gentrified area of North Oakland surrounded by new transportation, food service, and retail amenities. Once complete, the total development will offer 41,108 sqft on 0.39 acres. The loan is phase funded and comes with a personal guarantee from the sponsor.