ABP Capital Provided A $2.3M Loan For Encinitas Townhomes
ABP Capital, a private financing and investment firm based in Encinitas, recently closed approximately $13M in refinance and construction loans for two housing developments in coastal California. The transactions include The Enclave at Seabridge in Oxnard and the ground-up construction of twin 2,400 SF single-family townhomes in Encinitas.
The Encinitas project secured $2.3M. Each oceanfront unit, designed by DZN Partners, will be a three-story design featuring four bedrooms, two-and-a-half bathrooms, basement-level garages and high-end finishes. GS Development Corp. is the general contractor and Westcal Corp. is the real estate sales company.
“These coastal projects underscore ABP Capital’s attraction to California seaside communities that are working to bridge the housing gap to meet market demand,” ABP Capital founder and managing member Michael Persall said in a statement. “These transactions united our ability to deliver capital, expertise and creativity with strong product offerings to enable our borrowers to continue moving their projects forward.”