Real estate investor and long time business owners sought a business purpose cash-out 2nd TD on this non-owner occupied SFRs on one lot in Rancho Cucamonga.  Proceeds from our loan will be used to bring in entitlements for what will be the future site of a 17 unit home development.

The subject property is a traditional style duplex located in Rancho Cucamonga in San Bernardino County.  The property comprises two single-story single family residences.  SFR #1 is 1,200 SF with 6 rooms and 3 BR/2 BA and a 2-car attached garage.  SFR #2 is 6 rooms with 3 BR/1 BA.  The subject is near schools, shopping, restaurants and medical facilities.  Interstate 15 is just a few minutes away.  Total monthly rent for both units is $3,500.  1st TD is at 4.0%.

Recent Transaction – $208,000 Business Purpose Loan Rancho Cucamonga, CA 91739

Leave a Reply

Your email address will not be published. Required fields are marked *

Post comment