Brett & Bradley Vernon Of The Vernon Group Secures $28.54 Million Loan For Development Site In Santa Maria

The asset involved in this transaction is a development site located at 201 Town Center East in the Santa Maria market. A construction loan amounting to $28,540,000 was secured for this project, facilitated by Genesis Capital. The property is associated with Brett and Bradley Vernon, who are represented by The Vernon Group.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $28,540,000
• Lender: Genesis Capital
• Landlord: Brett & Bradley Vernon - The Vernon Group
• Brokerage: JLL
• Brokers involved: Matt Stewart, Alex Olson, Ace Sudah, Jacob Michael, Kyle White
• Date of transaction: 07/31/2025

This transaction highlights the roles of several key brokers who facilitated the deal, specifically Matt Stewart, Alex Olson, Ace Sudah, Jacob Michael, and Kyle White, all of whom are part of JLL. Their collective expertise contributed to the successful arrangement of financing for the development site.