Real Estate Investor and 15-year employee with the City of San Diego was seeking a business purpose cash-out 1st TD of this non-owner occupied SFR. The property owner inherited this San Diego home in May, 2017. The loan proceeds will be used to help prepare the home for sale, payoff existing 1st and 2nd, acquire an investment property in the Temecula area and pay property taxes.
Subject is two-story SFR situated on a 5,193 sqft lot in the Alta Vista area of Encanto, 6-miles from downtown San Diego. Property has 10 rooms with 4 BR and 2.5 BA and features a large bonus room, 2 covered patio areas and 2 storage sheds. The property is located a few blocks from 805 FWY and close to schools, shopping, restaurants and parks.
Recent Transaction – $310,000 Business Purpose Cash Out Refi, San Diego
