Real estate investors and long-time business owners were seeking a business purpose cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Funds from our loan will be used to make updates and repairs to the subject property to ready the property for sale.
The subject property is a single level Spanish style home sitting on a 6,176 SF lot with a 2-car detached garage and a backyard. The home is 1,491 SF with 8 total rooms and 3 BR/1.5 BA. The subject is within walking distance to the Museum of Contemporary Art, La Brea Tar Pits and the Beverly Center. Schools, shopping, restaurants and medical facilities are all nearby.
Recent Transaction – $115,000 Busniess Purpose Los Angeles, CA 90048
