Borrowers, real estate investors and long-time business owners were seeking a cash-out 2nd TD on this Orange County SFR. Proceeds from this loan were used to help finish construction on a new house being built in Turtle Rock, Irvine by the borrower’s construction company. This will be the third home built by the borrower in the Turtle Rock community.
Our subject property is a beautiful SFR situated on a 6,384 SF lot in the Turtle Rock neighborhood of Irvine. Subject has 2,312 sqft of living space with 8 total rooms – 4 bedrooms, 4 baths and 2-car attached garage. The home is in a prime OC location and sits near Shady Canyon, UCI, top rated schools, shopping, restaurants and medical facilities.
Recent Transaction – $210,000 Business Purpose, Irvine, CA
