Borrower and real estate investor was seeking a cash-out 1st TD on this non-owner occupied property to make improvements to the same property.
Property is a traditional 1-story duplex located in Rosemead in LA County. The subject property is zoned as a 2-unit but currently being used as SFR. The home is 1,320 sqft and sits on a lot measuring 5,863 sqft. Subject has 4 bedrooms and 2 bathrooms with a 1-car attached garage. The property is conveniently located near I-10 as well as restaurants, schools, shopping, recreation and medical facilities.
Recent Transaction – $260,000 Business Purpose Cash Out, Rosemead, CA
