Recent Transaction – $240,750 Business Purpose Cash Out, Buena Park, CA

Real Estate Investor borrower was seeking a Business Purpose Cash-out 2nd Trust Deed on this owner occupied property in Buena Park.  Use of the loan proceeds will be to provide a share of the down payment for the borrower’s LLC to acquire 8-acres of fully entitled and permitted land in Indio, CA to build a 132 bed assisted living facility.

This single-story single family residence was built in 1957.  The home has 1,200 sqft of livable space with 4 BR and 2 BA and 7 total rooms.  The kitchen and bathrooms have been recently updated.  Property is in the heart of Buena Park close to the 5 & 91 fwys and Knotts Berry Farm.