Recent Transaction – $835,400 Business Purpose Cash Out in Huntington Beach, CA
Real Estate Investor Borrower was seeking a Business Purpose Cash-out 2nd Trust Deed on her beautiful owner-occupied property on Gilbert Island in Huntington Harbour. Purpose of the loan proceeds was to acquire 8 acres of fully entitled and permitted land in Indio, CA to build a 132-bed assisted living facility.
This stunning two-story single family residence was built in 2007. The home has 5,556 sqft of livable space with 5 BR and 7 BA and 14 total rooms. Situated at the end of a cul-de-sac, the property has direct access to the water and its own private doc with over 129 feet of frontage. With water views from both floors, this home also features a home theater, elevator, travertine floors, custom iron banisters, crown and base moulding, chef’s kitchen, master suite with double steam shower and Jacuzzi tub, 4 car attached garage.
