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 2009.

Subject property is a single level Single Family Residence located in the South Bay area of Carson.  The home is 1,452 sf with 4 bdrm/2ba, located at the end of a cul-de-sac. The garage has been converted into a living area. The home is well maintained and has had a number of renovations done such as an improved bathroom, new AC unit, and new paint.  The property is centrally located with easy access to both the 405 and 110 fwys.

Recent Transaction – $134,200 Business Purpose, Carson, Ca