Real Estate Investor borrower was seeking a Business Purpose Cash-out 2nd Trust Deed on this owner occupied property in Buena Park. Use of the loan proceeds will be to provide a share of the down payment for the borrower’s LLC to acquire 8-acres of fully entitled and permitted land in Indio, CA to build a 132 bed assisted living facility.
This single-story single family residence was built in 1957. The home has 1,200 sqft of livable space with 4 BR and 2 BA and 7 total rooms. The kitchen and bathrooms have been recently updated. Property is in the heart of Buena Park close to the 5 & 91 fwys and Knotts Berry Farm.