$7,200,000 Construction Financing Secured for Retail Property in Ramona, CA
Apr 29, 2026 Bank
Deal Summary
Banner Bank recorded a $7,200,000 construction deed of trust on a retail property at 1721 Main Street in Ramona. The loan was executed April 29, 2026 and recorded May 18, 2026 in San Diego County under document 141507 (APN 282-130-42-00). County records list the owner as Bree River Llc.
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Transaction Details
- Closing Date
- Apr 29, 2026
- Loan Amount
- $7,200,000
- Loan Type
- Bank
- Loan Purpose
- Construction
- Capital Type
- Senior Debt
- Asset Type
- Retail
- Source
- County record
Property
- Address
- 1721 Main St
- City, State
- Ramona, CA
- Market
- San Diego
Property Facts
- Building Size
- 11,600 sq ft
- Lot Size
- 43,560 sq ft (1.00 ac)
- Year Built
- 1980
- Buildings
- 1
- Zoning
- RMV5
- Subtype
- Retail Stores
- Units
- 1
- Floor Area Ratio
- 0.27
Sale History
Last sold for $2,050,000 on Mar 19, 2026. Prior owner ARSEE PARTNERS LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| May 18, 2026 | BANNER BK | $7,200,000 | Construction Deed Of Trust | |
| Mar 25, 2013 | WELLS FARGO BK NA | $615,000 | Deed Of Trust | CONVENTIONAL |
| May 27, 2003 | STANCORP MTG INVTRS LLC | $800,000 | Deed Of Trust | CONVENTIONAL |
| Oct 10, 2000 | Private party lender | $676,000 | Deed Of Trust | PRIVATE PARTY LENDER |
| May 18, 1992 | Private party lender | $100,000 | Deed Of Trust | PRIVATE PARTY LENDER |
| Feb 17, 1983 | Private party lender | $14,007 | Mortgage | PRIVATE PARTY LENDER |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.