Real estate investor and business owner was seeking a business purpose 2nd TD on this SFR investment property in Murrieta in Riverside County. Our new loan paid an existing 2nd TD, a Hero lien and minimal cash-out to invest into the borrower’s construction business.
The subject property is a beautiful ranch style home located in the La Cresta area of Murrieta. The home is 3,868 SF with 10 total rooms and 5 BR/3.5 BA and sits on a 5-acre lot. The subject features a guest house, mountain views, in-ground pool and spa. The main house and grounds are rented out as a wedding venue. The subject is situated near Bear Creek Golf Club and is a short drive to I-15, shopping, restaurants, schools and medical facilities. The guest house is rented for $2,000/month. The main house and grounds are used rented as a wedding venue.