Real estate investor, business owner and 765 FICO score borrower was seeking a cash-out 2nd TD on this owner occupied Laguna Beach property to invest back into his wireless telecom business, Saturn Holdings Limited, a Cambodian based company.

The subject property is a single-story, SFR sitting on a 5,000 sqft lot in a prime Laguna Beach location.  Subject is a 1,594 sqft classically styled cottage with 7 rooms and features 4 bedrooms, 3 baths, fireplace, back patio, built-in BBQ and partial ocean view. The subject property sits just one block from Pacific Coast Highway and two blocks from Diamond Beach, Woods Cove, Cactus Point and Ruby Park.  Dining, shopping, recreation, schools and parks are all within walking distance of the property.

Recent Transaction – $177,500 Business Purpose Cash-Out Refi, Laguna Beach, CA