Self-employed Borrower was seeking a business purpose cash out loan on a non-owner occupied SFR property to make improvements to the property in preparation to sell it.
Subject is a 2 story, 5 bdrm/2.0 bath, Single Family Residence located in Downey California just South of the 105 FWY and East of the 710 FWY. The Property is overall good condition. The first mortgage is a conventional first.
Recent Transaction – $85,000 Business Purpose, Downey, CA
