Karen DeGasperis REALTOR

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Photo
Property TypePortfolio
LocationLos Angeles, California
TitleDefaulted Large Class A Office Building in Chicago Suburb Crossed with Luxury Tuscan Villa Estate In California (Property B)
Summary

Defaulted 2nd Loan on Single Family Gated Tuscan Style Villa Estate in Ventura County City of Thousand Oaks
4 Bedrooms and 5 Bathrooms
9735 SF on 20.2 Acres - Built 1999

Details

This Tuscan Villa styled estate is in a hidden valley on over 20 acres of formally landscaped grounds. This private gated estate is scattered w/ magnificent Italian pine, olive, and Oak trees & acres of lawn. The property affords a pavilion w/ a state of the art kitchen that entertains over 300 guests, a guest house, a green house & separate staff quarters, plus room
for horses and other structures with great exceptional value.

Note Details

Original 2nd Loan Amount $4,732,349
Current Interest Rate 13%
Due to back taxes, legal fees, 326 days of past due payments loan can be accelerated
and NOD filing coming soon
Loan Matures 8/5/2038
Current 1st Loan at $4,000,000
Appraised Property Value $14,000,000

Current Unpaid Balance$5,331,631.00
Date UpdatedJune 4, 2025