Rodeo Capital, Inc. Closes a $1,728,000 Business Purpose Single Family Residence Purchase in Santa Barbara California

[Marc Rabkin]

DEAL HIGHLIGHTS:

 

43% Loan to Purchase 

1031 Exchange 

Repeat Quality Borrower

 

This beautiful estate in a park like setting with 32 fruit trees, a pool, a view of both the mountains and the ocean has 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. 

 

To View this and other recently closed transactions; please visit our Recent Fundings Page on our website at: https://rodeocapital.com/1728000-sfr-purchase-santa-barbara-ca/

To learn more about these loans or our overall lending capabilities, please contact Marc Rabkin at 310-909-7334 or [e-mail]