Real Estate Investor was looking to cash – out to fund continued construction of multiple single family homes real estate investment project in Santa Ana. Borrower purchased subject property in 2011 and currently operates California Team Realty office out of the space. Borrower is an experienced fix and flip investor and developer.
Subject property is a Class B mixed use office/residential condominium located in the heart of Santa Ana. The property was built in 2011. The Property is configured to house 1 tenant and could be used for living and work space, however, the space is currently used strictly for work space. The unit offers recessed lighting, title floors, a fully upgraded kitchen, 6 offices, 4 cubicles, 2 bathrooms, and a reception area. On-site parking consists of 8 marked asphalt paved spaces.