Self-employed Borrower was seeking a business purpose cash-out refinance of this non-owner occupied investment property to invest in new real estate ventures and business opportunities.
Subject property is a single-story Single Family Residence located in a prime location of the Century City neighborhood of Los Angeles. The home is a 2 BR / 1 BA Spanish style property that with a large fenced-in yard area with detached 2 car garage and storage shed. Property features a fireplace, patio, dining room and ceiling fans in the bedrooms and living room. The kitchen has been updated with stainless steel appliances: 5 burner stove, refrigerator and dishwasher.
Recent Transaction – $150,000 Business Purpose, Los Angeles, CA
