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
Santa Maria Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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