Borrower and long-time business owner, architect and designer was seeking a cash-out 1st TD loan to rehab this SFR in Pipes, CA in San Bernardino County near historic Pioneertown. At completion, the subject will be a signature “Case Study” mid-century modern home designed by the borrower.
Subject will consist of 5 total rooms and 2BR/2.5BA. The home will consist of many modern features: dedicated electric car charging station, stargazing deck, outdoor cinema, cowboy tub, Greywater System and undulating landscape architecture. All electrical will be underground so as not to disrupt the mountain, canyon and desert views. Upon completion of the rehab, the borrower’s design clients will be able to immerse themselves in a designed concept home, including all furniture both indoors and out. The property sits on its own well – fully operational and in good working order (Well Report on file).
Recent Transaction – $300,000 Business Purpose, Pipes Canyon, CA 92268