$174 Million Financing Package Unlocks Major Santa Maria Housing Development

Santa Maria, Friday, 16 January 2026.
Priority Capital Advisory has secured a strategic $174 million financing package for Blosser Ranch, directly addressing a severe supply-demand imbalance in Santa Maria where population growth has outnumbered new housing deliveries by nearly ten to one over the last decade. This capital injection funds the immediate construction of 302 apartment units and recapitalizes land for a future 1,500-unit master-planned community near Vandenberg Space Force Base. Backed by Centennial Bank and Lionheart Strategic Management, this deal signals strong institutional confidence in the region’s agricultural and aerospace-driven economy, with the first phase expected to open by summer 2027.