Rodeo Lending Funds a $3,862,500 Purchase Loan for a Montecito, CA Estate

Property Type

Loan Type

August 5, 2021

Through multiple construction fundings in the Montecito and Santa Barbara, CA area, Rodeo Lending was connected to our client, who was looking for an existing project to purchase. This spectacular, panoramic view estate sits on about 1 acre in Montecito, CA. Rodeo was able to close this transaction even though the project is mid-construction.

Deal Highlights:

  • 10-day closing
  • 75% LTV
  • 12-month interest reserve

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