ABP Capital affiliate C3 Capital provided cash out financing for a single family residence located in Del Mar, California. The property currently consists of a 2 bed/2 bath single family residence with a total livable area of 1,280 sqft situated on an 8,096 sqft lot with white-water ocean views. In addition, the property is within walking distance to the beach, shops, and local eateries. The residence was originally constructed in 1947.

C3’s client, a San Diego-based real estate development group, plans to permit and entitle the site for construction of a new 3,750 SF home.