Borrower and real estate investor was seeking a cash-out 2nd TD to make home improvements to the subject property.
The subject property is located in the Avalon Gardens neighborhood of Los Angeles. The single-story home sits on a 5,030 sqft lot and comprises 3 bedrooms and 1 bath with 898 sqft. The property is conveniently located near I-110 as well as parks, recreation, shopping, schools, restaurants and medical facilities. The 1st TD is an FHA loan serviced by PennyMac.