Business owner was seeking a cash-out 2nd TD of this owner occupied SFR in Garden Grove property in Orange County. Proceeds from this loan were used to invest back into his company, Greenlife Nutrition.
The subject was built in 1959 and has 1,716 sqft of living space with 4 bedrooms, 2 baths, living room, family room and dining room. There is also an unpermitted addition that features 1 BR, 1 BA, living room and kitchen. The addition is rented for $800/month. Schools, shopping, restaurants, medical are located nearby as well as FWY 22, I-405 and I-5.
Recent Transaction – $122,500 Business Purpose cash-out, Garden Grove, CA 92843
