Kenny Slaught states that new intuitive software and mobile applications, says the owner of one of the most successful property management enterprise in Santa Barbara, give investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and geographies. Crowdfunding or peer-to-peer lending initiatives emerged in the state after the adoption of the Jumpstart Our Business Startup (JOBS) Act of 2012, which significantly opened the process in which sponsors can raise funds for real estate acquisitions and development. The new law allowed the originally banned practice of advertising or publicly soliciting private funding from accredited individuals and firms. People with a net worth of $1,000,000, excluding ownership of their personal residences, or with an yearly income of $200,000 or a household with $300,000 per annum, if filed together with a spouse, can become an accredited investor. Kenny Slaught points out that the amendments gave the green light to California borrowers and lenders to participate in debt and equity financing, in which loans generate income in the form of interest, without an official financial institution involved as an intermediary. The online marketplace has built a new outlet for property owners and funders to browse new investment offerings, perform due diligence, and keep track of dashboards to monitor how assets and financial products are performing.
Notable Californian real estate expert and community-centric investor, Kenny Slaught of Investec Real Estate Companies, continues to show tremendous support and empathy towards those who experienced hardships in life. In keeping with his personal philosophy as a visionary philanthropist, Slaught has advocated for the Hospice of Santa Barbara and its Parenting After Loss program. He continues to educate the broader public of the importance of social support, especially for people who have experienced the loss of their beloved ones, and has recently promoted this initiative on his blog at KennySlaught.com.
Few of the most well-known Santa Barbara architecture features comprise, the centuries old Hotel Virginia, El Pueblo Viejo district in historic centre and the two pink towers of the Old Mission, which holds retreats and festivals. The brightly colored tiles of the County Courthouse houses vivid displays of murals and other attractive attributes. Close is the clock tower and observation deck, delivering a panoramic view of the entire city. The Lobero theatre not only houses the regions premier performing arts events but also goes back to 1873 and was rebuilt in the 1920’s by George Washington Smith. These are some examples of the rich history in Santa Barbara as per Kenny Slaught, where, because of the founder’s advanced planning, many antique, architecturally remarkable buildings line the streets of the old districts.