Successful Mortgage Vintage borrower and real estate investors and developer sought this business purpose cash-out loan to be used to complete construction of 3 SFRs and 3 accompanying ADU.  All three properties are currently in escrow to be sold upon completion of construction.

Property 813 N. Figueroa St. will consist of a 2 story SFR with 2,378.25 sf along with a 693.25 sf ADU. This property will have a total of 5 bdm/2ba. Property 817 N. Figueroa St. will consist of a 2 story SFR with 1,535 sf along with a 712.5 sf ADU. This property will have a total of 4 bdm/3 ba and is currently under contract for $850K. Property 3622 W. Hazard Ave., will consist of a 2 story SFR with 2,378.25 sf along with a 693.25 sf ADU. This property will have a total of 5 bdm/2ba and is currently under contract for $873K

Recent Transaction – $650,000 Business Purpose, Santa Ana, CA 92703

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