Real estate investor sought a cash-out 1st TD on this non-owner occupied SFR in Temecula in Riverside County. Our MVI loan paid off an existing private money 1st TD as well as provided cash-out to make repairs and improvements to the subject property.
The subject is a beautiful 2 story Spanish style home with 10 total rooms and 5 BR/5.5 BA. The home is 4,812 sqft and sits on a 10,454 sqft lot on a cul de sac street in Temecula. The property has many upgrades throughout the entire home including a beautiful courtyard entrance to the front door and grand foyer. The subject is close to wine county, Old Town Temecula, Pechanga Casino and many golf courses. Schools, parks, shopping, restaurants and medical facilities are all nearby. The 15 & 215 freeways are a short drive away. Rental income is currently $4,600/month.
Recent Transaction- $520,000 Business Purpose, Temecula, CA 92592
