Successful business owner was seeking a cash-out 1st TD on this owner occupied single family residence the Hollywood Riveria section of Torrance, CA.  Proceeds from this loan were to be used to payoff an existing 1st with the excess going towards his business  Motor Sports Classics.  Borrower had business for over 10 years.

The subject property is a single family residence consisting of 1,603 sf, 3 bedrooms, and 2 baths.  This remodeled property features spectacular panoramic views, an upgraded kitchen with Viking Professional appliances, a great room and an expansive private backyard. The Hollywood Riveria is a premiere neighborhood of the city of Torrance located close to beaches, shopping and easy access to freeways.

Recent Transaction- $750,000 Business Purpose, Torrance, CA 90505