Good credit score borrower was seeking a Business Purpose Cash-Out Refinance loan to prepare this non-owner occupied property for sale. Borrower has owned the property since 1999.
Subject is a 1 story condo located on the 2nd level with 2 bdrm/2 ba located in the South Coast Terrace community. The Property measures 865 sf of gross living area. The Property is within walking distance of the South Coast Plaza, Segerstrom Center of the Arts, and other restaurants and entertainment. In addition, there is quick and easy access to the 405, 73 and 55 fwys and the John Wayne airport. Property is currently rented for $1,250 per month to tenant that has occupied unit since 2013