Rodeo Capital, Inc. Closes a $1,728,000 Business Purpose Single Family Residence Purchase in Santa Barbara CA
This beautiful estate situated in a park-like setting with 32 fruit trees, a pool, a view of both the mountains and the ocean features a 7228 square foot home with 6 bedrooms and 8 bathrooms. The borrower is an experienced, well-known, respected designer and developer who will update the home with $700,000.00 of renovations and then rent this desirable property out. The exit will be a conventional loan upon stabilization.
- 43% Loan to Purchase
- 1031 Exchange
- Repeat Quality Borrower