Business owner is seeking a cash-out 2nd TD of this owner occupied SFR in Costa Mesa. Proceeds from this loan will be used to invest real back into the borrower’s reconditioned furniture business, Refreshed.
Our subject property is a single-story SFR situated on a 6,000 sqft lot. The subject was built in 1958 and has 1,647 sqft of living space with 4 bedrooms, 2 baths and 2-car attached garage. The home is located in east side Costa Mesa near the 55 FWY. Schools, shopping, restaurants, recreation and medical facilities are located nearby and sits just a few blocks from the Back Bay. 1st TD is held by Flagstar at 4.25%.
Recent Transaction – $145,000 Business Purpose Cash Out, Costa Mesa, CA 92627
