Real estate investor sought a business purpose cash-out 2nd TD on this non-owner-occupied SFR in Fresno, CA. Proceeds from our loan will be used for minor upgrades to one of borrower’s other investment properties. Borrower owns several SFR rental investment properties in Fresno. Exit strategy: sale of investment property. The subject property sits in a…
Successful business owner sought a business purpose cash-out refi 1st TD on this owner occupied SFR in Fresno, CA. Borrower has a hard money 1st TD of $465,000 @ 7.5% which is in good standing. Funds from our loan will be used to payoff the current 1st TD which matures soon and also get him…
Experienced Assisted Living Facility Operator. Borrower sought a cash-out 1st TD on this Fresno Assisted Living and Memory Care Facility to complete the remodel of the subject property. Borrower has recently secured a new 1st Trust Deed of $700k that paid off a matured 1st TD that was used to purchase the property in Aug.…