Real estate investor was seeking a cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Proceeds from this loan were used to secure real estate investment opportunities
Subject property is a single-story SFR situated on a 3,554 sqft lot in the Van Ness neighborhood of LA. The subject was built in 1926 and has 962 sqft of living space with 2 bedrooms and 1 baths. Subject is conveniently located near schools, shopping, restaurants, parks and medical facilities. The I-110 is conveniently located a short drive away.
Recent Transaction – $75,000 Business Purpose, Los Angeles, CA
