Ventura, California | 400 Unit Apartment Acquisition/Reposition
Through a joint venture, acquired the asset with the business plan to reposition and sell. Structured with mezzanine and an Agency loan. The project is located in the heart of Ventura across the street from the City and County Government Center and retail district. Capes at Ventura provides an affordable alternative to residents working in the Santa Barbara area, as well as commuters into Los Angeles. The renovation and re-tenanting is currently in process.