The main house on this estate is 8400 sq ft. It also has
-A 2400 sq ft home,
-2 caretaker units they call condos
-A vet clinic
-4 barns totaling 30,000 sq ft.
-Open air horse training facilities
-Total-12 bedrooms, 11 bathrooms, 14,000 sq ft of living area
-5 hole chipping and putting greens
-This is an exclusive horse breeding facility.
This, according to the appraiser and the buyer has a monthly potential of $50,000 a month. All of the acreage is fenced for equestrian.
Purchase price is $5,500,000
Buyer will put down 40% and loan will be 60% LTV at $3,300,000 for 2 years.
After repair value is $10,000,000 per appraisal.
Call George if you are interested at 619-987-8639. Visit our website and get more information San Diego hard money lenders.