Rodeo Lending Closes a $6,337,500 Business Purpose Single Family Refinance in Carpinteria, California.

Property Type

Loan Type

September 17, 2019

The subject property, an oceanfront estate, is located in the highly sought after and exclusive Carpinteria community. With 250 feet of beachfront, this beautifully appointed, 2 story investment property is situated on 2.31 acres consisting of 3 parcels. Located in a gated community with Ocean views from each room in the house, you can step off of the porch right onto the sand. A short drive to Montecito and Santa Barbara, the property is perfectly located close to amenities but secluded enough to feel like a retreat. Rodeo paid off the owners existing mortgage, giving the client some cash out for an investment opportunity in additional business ventures.

HIGHLIGHTS:

  • 65% Loan to Value
  • 10 Day Close
  • Experienced Investor

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