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BOLOUR Brings Development Expertise to $8.5M Funding

Santa Monica Pier

Santa Monica, CA

BOLOUR provided an $8.35M non-recourse loan for a local developer to acquire and entitle a mixed-use residential – commercial property. BOLOUR provided the borrower with a two-year loan term to secure approvals from the City of Santa Monica, where entitlements are highly challenging. BOLOUR utilized its extensive network and entitlement expertise to quickly get comfortable with the risks of the project.