Borrower, previous/current and on-time Mortgage Vintage borrower, and, highly experience real estate investor and developer was seeking a business purpose cash-out 1st TD on this vacant land with approved plans by the City of Santa Ana in Orange County.
The subject property is a .25 acre vacant lot located in Santa Ana at the corner of Daisy Ave and Fifth St. in the 92703 zip code. The parcel has already been divided into two parcels. 503 N. Daisy Ave. will be a lot of 5,472 sf and have a SFR of 1,340 sf with a 2-car detached garage. 507 N. Daisy Ave. will be lot of 5,472 sf and have a SFR of 1,430 sf and 2-car attached garage of 441 sf. These future homes will be centrally located in the Artesia Pilar community of Santa Ana, and, close to schools, shopping, medical facilities as well as the I-5, I-405 and 22 freeways.
Recent Transaction – $200,000 Business Purpose, Santa Ana, CA
