Foreign National real estate investor and business owner was seeking a cash-out blanket 2nd TD on these two non-owner occupied Garden Grove properties to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses.
The two subject properties are in the same complex and are model matches. Each unit is a single-story condo with 1,343 sqft. Both units offer 6 rooms and 3 bedrooms and 2 bathrooms. Each unit comes with 2 parking spots in the subterranean parking garage. The property is conveniently located near I5 and 22 HWY as well as parks, recreation, shopping, schools, restaurants and medical facilities.
Recent Transaction – $110,000 Business Purpose Cash-Out, Garden Grove, CA
