787 FICO score borrower and real estate investor was seeking a business purpose purchase loan to fix-and-flip this single family residence in San Bernardino County.  Borrower was currently in escrow with purchase price $20,000 less than the BPO As-Is value.

Subject is a single-story SFR home sitting on a large 7,000 sqft lot.  The home is 768 sqft and features 5 rooms with 2 BR and 1 BA and a patio. Subject is conveniently located between Route 66 and Interstate 215.  Schools, shopping, restaurants, parks and medical facilities are all a short distance from the subject property.

Recent Transaction – $130,000 Business Purpose Purchase, San Bernardino CA