Executive Summary Real estate investors sought a 1st TD business purpose cash-out refinance loan to build an investment SFR in a gated community, “Scenic Bend Estates” in Modesto, Stanislaus County, CA. The purpose of this loan is to pay off an in good standing, on time payment history 1st TD and the balance placed in Funds…
Business owners and real estate investors sought a new business purpose cash-out 1st TD on this non-owner occupied investment property in Modesto, CA in Stanislaus County. Funds from our loan will be used to payoff an existing 1st as well as for making improvements to the same property. The subject property is 1,220 SF ranch…
Borrowers were seeking this Business Purpose Cash-Out loan to payoff existing conventional loan and use the remaining proceeds to fixup property. Borrowers have owned the subject property since 1987. Subject is a two bldg. 14,563 s.f., single story retail multi-tenant center located in Modesto. The Property sits on a 42,749 s.f. lot with a 4.7/1,000…