Business owner and real estate investor was seeking a cash-out 2nd TD of this non-owner occupied SFR in Orange County. Proceeds from this loan were invested back into the borrower’s insurance agency, The Chadwick Agency.
Our subject property is located in Irvine and is a two-story SFR situated on a 4,250 sqft lot. The subject was built in 1976 and has 2,254 sqft of living space with 4 bedrooms, 3 baths and 3-car attached garage. The home is located in the Woodbridge community in Irvine and is close to schools, shopping, restaurants, medical facilities and parks. Both the I-405 and I-5 are nearby. Rental income for this property is $3,800/month.
$307,500 Business Purpose Cash Out Re-fi, Irvine, CA
