Real estate investor and long-time Realtor was seeking a new cash-out 1st TD to make improvements to the subject property and other investment properties owned by the borrower.
Subject is a single-level condo sitting on a 2,614 sf lot. The home itself is 977 sf and features 6 rooms with 2 BR and 1.5 BA with a patio and 1-car covered carport. The subject is conveniently located near I-10 and HWY 111. Schools, shopping, recreation, restaurants, parks and medical facilities are all a short distance from the property. Subject property rents for $1,500/month.
Recent Transaction – $102,700 Business Purpose Cash Out, Indio, CA
