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South Blosser Road

Andy Klein Of Lionheart Strategic Management And Garron Robinson Of Centennial Bank Provide $174M Construction Loan For 160 Acre Development Site In Santa Maria
FINANCEDDevelopment Site

Andy Klein Of Lionheart Strategic Management And Garron Robinson Of Centennial Bank Provide $174M Construction Loan For 160 Acre Development Site In Santa Maria

South Blosser Road

$174,000,000

Building Size

Asset Type

Development Site

Closing

Dec 30, 2025

AI

The asset involved in the transaction is a development site located on South Blosser Road, spanning 160 acres in the Santa Maria market. A construction loan amounting to $174,000,000 was utilized for this property.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $174,000,000
  • Lender: Andy Klein - Lionheart Strategic Management
  • Lender: Garron Robinson - Centennial Bank
  • Broker: Zachary Streit - Priority Capital Advisory
  • Date of Transaction: 12/30/2025

Key individuals involved in this transaction include Andy Klein from Lionheart Strategic Management and Garron Robinson from Centennial Bank, representing the lending parties. The transaction was brokered by Zachary Streit from Priority Capital Advisory, who facilitated the deal.

Players

Zachary Streit

Priority Capital Advisory

Broker

$1.1B

vol

26 deals

Broker
Priority Capital Advisory
Priority Capital AdvisoryBrokerage
Andy Klein

Andy Klein

Lionheart Strategic Management

Lender

$537M

vol

4 deals

Lender
Centennial Bank
Centennial BankLender

Santa Maria Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93