Real Estate Investor Borrower was seeking a Business Purpose Purchase loan to acquire this investment property. Borrower plans to keep the property as a rental for $2,650/mo.
The quality of construction is average for the area. No functional or external inadequacies were apparent. At the time of the inspection there did not appear to be any physical deficiencies or adverse conditions that may affect the livability, soundness, or structural integrity of the property. The subject appeared to generally conform to the neighborhood. Subject is a 3 bdr/2 bath 1,536 s.f. remodeled manufactured home on a permanent foundation on a 4,356 s.f. lot located in a Mobile Home Park.
Recent Transaction – $211,250 Business Purpose, Corona CA
