Self-employed and long-time business owner was seeking a cash-out 2nd TD on this beautiful owner-occupied property in Los Angeles county.  Proceeds from this loan were used to invest into borrower’s business.

The subject property is a unique SFR featuring a main house, guest house, storage units and horse stables.  The main house is over 4,000 SF with 7 total rooms and 3 BR/2.5 BA.  Subject sits on 4 acres of land and features an unpermitted 1 BR/1 BA guest house with a kitchen and several storage units and stables.  Only the main house was considered in the determination of the $1.95M value.

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