Borrowers were seeking a business purpose cash-out refinance for this non-owner occupied rental property to refinance existing loan and make improvements to the property. Borrower has owned the property since 2010.
Subject property is a 2 story Single Family Residence located in the historic area of Santa Ana. The home is 1,533 sf with 3 bdrm/3 ba, located on a corner. The 2 car garage bisects the property and another SFR sits on the back portion of the property against the alley. The property is centrally located with easy access to both the 5 and 55 fwys.