May 21, 2022
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Real Estate: Financing secured for 167-unit apartment complex in Santa Maria

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An artist's rendering of the planned Element apartment complex in Santa Maria (courtesy image) Los Angeles-based Thorofare Capital, an affiliate of Callodine Group, recently announced it has provided $34.8 million in financing for construction of a 167-unit apartment building in Santa Maria. In a company news release, Thorofare said the floating rate, interest-only loan carries…

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