Real estate investor was seeking a cash-out 2nd TD on this non-owner occupied SFR in Los Angeles.  Proceeds from this loan were used to secure real estate investment opportunities

Subject property is a single-story SFR situated on a 3,554 sqft lot in the Van Ness neighborhood of LA.  The subject was built in 1926 and has 962 sqft of living space with 2 bedrooms and 1 baths.  Subject is conveniently located near schools, shopping, restaurants, parks and medical facilities.  The I-110 is conveniently located a short drive away.

Recent Transaction – $75,000 Business Purpose, Los Angeles, CA