Borrower was seeking a Business Purpose Cash-Out 2nd TD to fund property improvements. Subject property has been in the family since 1999 and is non-owner occupied and currently rented to Tenants providing a positive cash flow. Subject is a 1 story, 4 bdrm/2 ba Single Family Residence located in West Covina. The Property measures 1,438 sf of gross living area, and is situated on a 5,557 sf lot. The Property has a 2 car attached garage and boasts a large backyard. Property is located within walking distance of schools, close to both the 60 and 57 fwys, in a nice established neighborhood.
Download Recent Transaction – $50,000 Business Purpose, West Covina CA