Real estate investor, 11-year full-time employee with the same company and 679 credit score borrower was seeking a business purpose cash-out refinance 1st TD to make improvements to this non-owner occupied investment property.
Subject property is a two-story, SFR located in Costa Mesa at the end of cul de sac. The subject is 2,413 sqft with 7 total rooms with 4 bdrm/2 bath and featuring a fireplace, open kitchen, patio and 2-car attached garage. Subject sits on an 8,404 sqft lot. Subject is conveniently located near 405 FWY, HWY 55 and 73 Toll Road. Schools, parks, shopping and restaurants are nearby. Property is currently leased for $3,900/month.
Recent transaction – $710,000 Business Purpose, Costa Mesa, CA
