Kennedy Wilson Funds $95M Construction Loan For Sand Canyon Plaza Development

The development site located at 28504 Soledad Canyon Road in Santa Clarita spans 87 acres and was the subject of a recent transaction involving a $95 million loan for the Sand Canyon Plaza development. The property features over 250 apartments, 60 townhomes, and a 45,000-square-foot shopping center anchored by Sprouts Farmers Market. The lender, Thomas Whitesell from Kennedy Wilson, provided a construction loan for this project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $95,000,000
• Market: Santa Clarita
• Landlord: Bob Faith - Greystar Real Estate Partners
• Landlord: Robert N. Goodman - Resmark Companies

Greystar Real Estate Partners and the Resmark Companies secured the $95 million loan for the Sand Canyon Plaza development. The project will include a resort-style pool, fitness center, and coworking spaces, enhancing the overall amenity offering for residents and tenants. Notably, the construction timelines for this development have not been disclosed.