Business owner was seeking a cash-out 2nd TD to invest back into a real estate investment business owned with her husband. Funds from our loan will be used for investing in distressed properties.
The subject is a 2 story, 6 BR/3 BA Duplex located in the Boyle Heights neighborhood of Los Angeles. The property measures 2,832 sf of gross living area, and is situated on a 6,179 sf lot. The lower unit is 3 BR & 2 BA and the upper unit is 3 BR & 1 BA. The subject is centrally located to the 10, 5 & 60 freeways as well as shopping, parks, schools and medical facilities. The upper unit is leased for $1,800/month.
Recent Transaction Folder – $175,000 Business Purpose, Los Angeles, CA 90063