$5,340,000 Acquisition Loan in Montecito, CA
AB Capital provided bridge financing for the acquisition of this luxury estate in Montecito, CA. This loan is collateralized by a freshly remodeled home that sits on nearly two acres of land consisting of two separate legal parcels. The main residence is approximately 4,591 sqft with a separate 691 sqft pool cabana. The home offers ocean and mountain views coupled with ultimate privacy on one of the most sought after streets in Montecito. The property will be used as a corporate retreat. This loan comes with a personal guarantee from the sponsor.