808 credit score real estate investor and long-time business owner was seeking a cash-out 1st TD.  Loan proceeds from our Mortgage Vintage loan were used to purchase another investment property.

The property is tri-plex located in the Jefferson Park neighborhood of Los Angeles.  Property measures 2,490 sf of gross living area and is situated on a 5,403 sf lot. The subject has 11 total rooms with 5 bedrooms, 3 bathrooms and a 3-car attached garage.  Property is conveniently located near I-10 and I-110 as wells as shopping, schools, restaurants, recreation and medical facilities.  All three units are currently occupied and the combined monthly rental income is $tbd.