Self-employed borrower was seeking a business purpose cash-out loan to consolidated 1st and 2nd TD loans, payoff tax lien and invest in business operated at property.Subject consists of a Single Family Residence (SFR) and two light Industrial Buildings. The SFR is a 1 story, 4 bdrm/1 full ba older SFR located in San Diego close to shopping,…
Borrower wanted to downsize and purchase 13 Sally Ann Road. SFR in Orinda, CA with cash plus a 1st TD on subject property and cross- collateral property located at 86 Hillcrest Drive, Orinda, CA.Subject Property is a 3 bed/2 bath, 2,221 s.f. SFR sitting on a 19,110 s.f. lot in heart of Glorietta, Orinda, one…
Borrower was seeking this Business Purpose Cash Out loan to invest in a 30 unit apartment building in CA. Subject is a 2 story SFR with 5 bedrooms, 3 bathrooms located in Placentia, CA . The property measures 3,500 sf on a 7,208 sf lot. The Property features a nice backyard with a pool & spa, and boasts formal dining…
Borrower was seeking this Business Purpose Cash Out loan to invest in a new business for online retail sales of transponder and car partsSubject is a 1 story SFR with 4 bedrooms, 3 bathrooms. Property is located in Garden Grove, CA . The property measures 2,975 sf on a 10,989 sf lot. The Property features a large lot, and…
Borrower was seeking this Business Purpose Cash Out loan to purchase a 30 unit apartment building in CA. Subject is a 1 story SFR with 3 bedrooms, 2 bathrooms. Property is located in Anaheim, CA within easy access to both the 5 and 91 freeways. The property measures 1,576 sf on a 6,000 sf lot.…
Riverside, CA DownloadRecent Transaction – $107,500 Business Purpose Cash Out, Riverside, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $107,500 Broker Opinion $450,000 Occup Owner Occ. Lender Rate 10.25% LTV on BPO Value 65.00% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months…
Dana Point, CA Download Recent Transaction – $500,000 Business Purpose Purchase, Dana Point CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $500,000 Broker Opinion $867,140 Occup Non Owner Occ. Lender Rate 8.25% LTV on BPO Value 57.66% Loan Type Business Purpose Purchase Amortization Interest Only Due in 36 mos.…
N. Hollywood, CA Download Recent Transaction – $115,000 Business Purpose Cash-Out – N. Hollywood, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $115,000 Appraised Value $670,000 Occup Non-Owner Occ. Lender Rate 10.00% CLTV on Appr. 63.58% Loan Type Business Purp. Cash-Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months…