Good credit borrower was seeking this Business Purpose Cash-Out Refi loan to make tenant improvements to this single tenant commercial mixed use property. Ownership of property is held in an LLC.
Subject consists of 3 contiguous land parcels which together total 1.18 acres. The 8551 Mission Blvd. building consists of an 8,960 sf industrial bldg. with 6 offices, 7 loading docks, 2 bathrooms, and 3 refrigeration units. The 8553 Mission Blvd. building consists of a SFR with 1,283 sf of living area with 3 bdrms and 2 bathrooms. The SFR is used as office space.
Recent Transaction – $130,000 Business Purpose, Riverside CA
