Successful previous Mortgage Vintage borrower and Restaurant and Bar owners seeking a business purpose cash ­out 2nd TD on this owner occupied SFR in Solvang, Santa Barbara County. Proceeds from the loan will be used to help fund the third restaurant location in the city of Buellton which Is also m Santa Barbara County The owner’s restaurants are highly rated and very popular destinations in Santa Barbara County.
The subject property Is a unique single level traditional ranch style home sitting on a 12, 197 SF lot. The home is 4,313 SF with 12 total rooms including 3 bedrooms and 2 bathrooms, and a 2-car attached garage The home is in a beautiful part of Santa Barbara county, located next to schools, shopping, restaurants, recreation and medical facilities The city of Solvang is also known for its many wineries

$190,000 2nd TD @ 10.25%, 65.02% CLTV on Value, $47,500 Min Investment, 36 Mo Term, 6 mo. Guar, Solvang CA