Real estate investor, 20-year insurance broker and 762 mid-fico score borrower was seeking a business purpose purchase loan to Fix-&-Flip this Short Sale condo in LA County. Borrower was in escrow for $50,000 under the BPO “As-Is” value.
Our subject property is a two-story end-unit condo in Van Nuys in the San Fernando Valley. The home is 1,378sfand features 5rooms with 3BR and 3BA, 2-car detached garage, patio, balcony and community pool and spa. The subject property is conveniently located near I-405 and 101 FWY. Schools, shopping, restaurants, parks, recreation, and, medical facilities are all within a short distance of the property.
Recent Transaction – $281,240 Business Purpose Purchase, Van Nuys, CA
