Recently Funded Hard Money Loan in Santa Ana, CA for $240,000

Owner and Business Operator at 919 Sycamore St., Santa Ana CA purchased an adjacent property in Santa Ana.  Owner used the cash out from this free and clear $400k valued – income producing property for the down payment on the $710k purchase of the adjacent property.  Both properties have a retail/commercial building in the front and a SFR and yard in the rear of the lot.  Both properties have rental income from the SFR’s on the properties.Currently the owners of 919 S. Sycamore are a family with 5 hair stylists; 2 of which  have worked at the Sycamore St Salon for over 15 years.  Their successful hair salon also has a separate adjacent facility which offers Herbalife/Zumba and Karaoke services to local clientele.  The purchase of 1026-1026.S Main St property will provide a new location to be used as a salon for the other 3 sisters who are stylists and have established clientele in the area.

Download Recent Transaction – $240,000 Business Purpose, Santa Ana CA