Long-time business owner and Medical Device Attorney was seeking a business purpose cash-out 2nd TD on this owner occupied property in the prestigious Pelican Crest Community in Newport Coast, Orange County.  Proceeds from this loan will be invested back into the borrowers business for expenses related to several significant cases nearing resolution.

The subject is a recently completed 10,749 SF home with 7 BR and 6.5 BA, 6-car attached garage, movie theater, bar, office and in-ground pool and jacuzzi.  The property also has spectacular unobstructed Pacific Ocean and hill views.

Recent Transaction – $1,250,000 Business Purpose, Newport Beach, CA 92657