Self-employed borrower was seeking a business purpose cash-out loan to consolidated 1st and 2nd TD loans, payoff tax lien and invest in business operated at property.Subject consists of a Single Family Residence (SFR) and two light Industrial Buildings. The SFR is a 1 story, 4 bdrm/1 full ba older SFR located in San Diego close to shopping, transportation and highway. Value of the SFR by itself is $350K. South industrial building is currently occupied by the owner that refurbishes artifacts. The back building is similar to a hangar and is currently leased to a marble and granite company. Lot size has potential for additional units or continued use a light manufacturing.
Download Recent Transaction – $355,000 Business Purpose – San Diego, CA
