Self-employed Borrower was seeking a business purpose cash out loan on an owner occupied SFR property to invest into borrowers business by paying off business debt and investing into marketing programs.
Subject is a 2 story, 4 bdrm/4.5 ba Single Family Residence located in the gated community of Torrey Highlands in the Carmel Valley community of San Diego. The neighborhood is a well maintained, gated subdivision with guard station. Association fees are $370 per month with additional Mello Roos fees of $574 monthly.
Recent Transaction – $206,000 Business Purpose, San Diego, CA
