Foreign National real estate investor and business owner was seeking a cash-out 2nd TD on this non-owner occupied SFR to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses.
The subject property is located in Murrieta, CA in Riverside County. The home sits on a 7,840 sqft lot and comprises 4 bedrooms and 3.5 baths with 3,977 sqft. The home features a double staircase, living room, loft and a backyard. The property is conveniently located near I-15 and I-215 as well as parks, recreation, shopping, schools, restaurants and medical facilities.
Recent Transaction – $137,500 Business Purpose Cash-Out Re-Fi, Murrieta, CA
