Real estate investor and previous successful Mortgage Vintage borrower was seeking a cash-out 1st TD to make upgrades to the same subject property and purchase another investment property.

Property is a traditional 1-story, 5 bdrm/4ba SFR located in La Quinta, just east of Palm Desert. The Property measures 3,121 sf of gross living area and is situated on a 9,147 sf lot.  Property features granite kitchen counters, carpet, tile and hardwood floors in the living areas, private gate, pool and spa. Property is used for short-term rentals throughout the year and is conveniently located near several premier country clubs, restaurants, shopping, recreation and medical facilities.

Recent Transaction – $200,000 Business Purpose Cash Out, La Quinta, CA 92253