Funding Needed
$150.8 (Mio)
EB5 Funding
$49.5 (Mio)
EB-5 Investors
Investment Amount


Job Creation per Investor
Job Creation (Total)
Accommodation and Food Services
Hotels (except Casino Hotels) and Motels


Santa Barbara, California


Last Update: February 04, 2015 01:01 PM

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Woodridge: La Entrada de Santa Barbara : Group 34

Developer Name
Woodridge Capital Partners, LLC (Woodridge)

Project Description

CMB once again has the opportunity to work with Woodridge Capital Partners, LLC (Woodridge). CMB and Woodridge have also demonstrated a track record of success as CMB Texas Infrastructure Investment Group 24, also known as College Station has received approval of its I-924 Exemplar Petition. 
The La Entrada de Santa Barbara project or “La Entrada”, will consist of the development of a 123-room luxury hotel and approximately 10,000 square feet of retail space to be located just one block from the beach. CMB EB-5 funding will assist in the financing of all pre-development, demolition, horizontal and vertical construction of the project.

Project Timeline

Construction activities for the project commenced 2nd Quarter 2014, completion of construction is anticipated for 3rd Quarter 2016.

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