Real estate investor was seeking a cash-out 2nd TD on this non-owner occupied SFR in Riverside County. Proceeds from this loan were used to make improvements to the same property.
The subject property is a contemporary style SFR situated on a large 7,405 SF lot in Menifee, CA. The property is 3,453 SF with 14 total rooms and 5 BR/3.5 BA. Subject features are large upstairs loft and 3-car attached garage. The subject is conveniently located near Interstate 215. Shopping, schools, restaurants, parks and medical facilities are all located nearby. The subject property rents for $2,400/month.
Recent Transaction – $70,600 Business Purpose, Menifee, CA
