Self-employed Borrower with excellent credit was seeking a Business Purpose Cash-Out loan to purchase a commercial building for their food products manufacturing business, Dean Distributors. Company has been in business since 1952 and is moving their headquarters from Vernon to San Bernardino.
Subject is a 2 story, single family residence located in Hillsborough, CA. Hillsborough is west of Highway 101 east of Highway 280, and short commute to San Francisco and minutes from San Francisco Airport. Property boasts 5 large bedrooms and 4.5 bathrooms, and a library. The property is located close to schools and local entertainment.