Experienced real estate investor and local Laguna Beach Realtor sought a cash-out refinance 1st TD on this Ocean View SFR non-owner occupied rental property in Laguna Beach, Orange County, CA. Funds from our loan will be used to payoff existing 1st and 2nd liens, additional small amount of cash-out will be used to make minor improvements to subject property.
The subject property is a custom built 3,142 SF Spanish style SFR sitting on a 9,360 SF lot (.021 acres) with a panoramic white water view of the Pacific Ocean and Catalina Island. The home has 8 total rooms with 4 BR / 5BA and a 3-car attached garage. The property is located in the popular beach city of Laguna Beach and is close to Aliso Beach Park, schools, shopping, and restaurants.
$2,000,000 1st TD @ 9.00%, 62.50% LTV, Refi, NOO, SFR, 18 mos, Laguna Beach, CA
