Self employed borrower sought a business purpose cash-out 2nd TD on this owner occupied SFR in Bell Gardens, CA in LA County. Funds from our loan will be used to put back into the borrower’s drywall business. The subject property is a 2-story traditional style home sitting on a large 11,514 SF lot with a…
Real estate investor and business owner sought a business purpose loan to purchase this investment property in Los Angeles County for $640K. The subject is comprised of two SFRs. Unit 6811 is 2bd/1 bath and 1,060 sf. This unit is currently gutted with an estimated cost of $80K to renovate. The rear unit 6809 is…
Borrower and real estate investor was seeking a cash-out 2nd TD on this non-owner occupied 3-unit investment property in LA County. Proceeds from this loan were used to make improvements to the same property. The subject is a traditional style 3-unit property situated on a large 12,281 SF lot in Bell Gardens, CA. The property itself…