Recent Transaction – $152,750 Business Purpose Cash Out, Lancaster CA

Real Estate investor borrower was seeking a Business Purpose Cash-Out Refinance to make improvements to two investment properties and bring property taxes current.

Subject property is a single-story, single family residence located in Lancaster, CA.  The Property is a traditional style 3 bdrm/2 bath home with 1,551 sqft of livable space featuring a fireplace and patio.  The property is situated near HWY 14, Palmdale Regional Airport and Antelope Valley College.  Shopping, restaurants and parks are all located nearby