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Stock impact report

First Phase of Blosser Ranch Underway with $174M Construction Loan [Los Angeles Times (CA)]

Home BancShares, Inc. (HOMB) 
Last home bancshares, inc. earnings: 4/16 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: homebancshares.com/investor-relations
development in Santa Maria, the largest city in Santa Barbara County. The financing funds both horizontal and vertical construction for the first phase, a 302-unit, three-story garden-style multifamily community situated on 12 acres, and recapitalizes the remaining land within the entire development, positioning the borrower for the project's six future subphases. It is the largest loan funded since the company was founded in mid-2024. It has closed more than $800 million of debt financing across 29 transactions. “Closing a construction loan that also recapitalizes land, especially for the inaugural phase of a master plan, requires creativity, persistence and the right project, sponsor and capital partners,” said Zachary Streit , founder and president of Priority Capital, in a statement. “This was a complex, highly structured transaction, and I am proud to deliver liquidity and certainty of execution for a project that will truly be place-making for Santa Barbara County. I am lookin Show less Read more
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