Real Estate investor was seeking a business purpose cash-out 2nd TD on this non-owner occupied property to use for real estate investments.
Subject Property is a beautiful 2-story, 5 BR / 3 BA traditional style SFR in Hacienda Heights, CA. The home has 3,197 sf of living space and is situated on 42,248 sf, nearly a full acre. Subject property features fantastic views, in-ground pool, spa, upgraded kitchen and bathrooms, crown and base molding, recessed lighting, 2 fireplaces, avocado, apple and tangerine trees as well as a garden, attached 3 car garage and RV parking. This home is in the Hacienda Heights School District and is conveniently located near shopping, restaurants and HWY 60 and 605 FWY. The tenant has been living in this home for nearly three years and is currently on a month-to-month lease paying $3,500/month.
Recently Transaction – Business Purpose Cash-Out Loan – Hacienda Heights, CA
