ABP Capital affiliate C3 Capital provided acquisition financing for the purchase of an oceanfront, 6-unit multi-family property in Del Mar, CA. The property features unobstructed ocean views and is minutes from downtown Del Mar. C3’s client plans to permit and entitle the property for three detached condominiums.

Loan Amount: $6,542,553

Loan Type: Acquisition Financing

Loan Term: 18 Months

Property Type: 6-unit multi-family

Property Location: Del Mar, CA

Total Lot Size: 17,424 SF