Borrowers were seeking a business purpose cash-out refinance for this non-owner occupied rental property to refinance existing loan and make improvements to the property. Borrower has owned the property since 2009.
Subject property is a single level Single Family Residence located in the South Bay area of Carson. The home is 1,452 sf with 4 bdrm/2ba, located at the end of a cul-de-sac. The garage has been converted into a living area. The home is well maintained and has had a number of renovations done such as an improved bathroom, new AC unit, and new paint. The property is centrally located with easy access to both the 405 and 110 fwys.