712 Fico score borrower, Real estate investor and 11-year President & CEO of Howell Real Estate Management was seeking a business purpose purchase loan to purchase this investment property in San Diego.
Our subject property is a single-story ground level condominium. The home is 1,294 SF and features 4 rooms with 2 BR and 2 BA. The property features a balcony with views of the bay and surrounding area. Subject is situated in the La Playa neighborhood of San Diego and is just a few minutes’ walk from Shelter Island, The Village and numerous local yacht clubs. Recreations, shopping, schools and medical facilities are a short distance away.
Recent Transaction – $448,500 Business Purpose Purchase Fix and Flip, San Diego, CA, 92106
Real Estate Investor and 15-year employee with the City of San Diego was seeking a business purpose cash-out 1st TD of this non-owner occupied SFR. The property owner inherited this San Diego home in May, 2017. The loan proceeds will be used to help prepare the home for sale, payoff existing 1st and 2nd, acquire an investment property in the Temecula area and pay property taxes.
Subject is two-story SFR situated on a 5,193 sqft lot in the Alta Vista area of Encanto, 6-miles from downtown San Diego. Property has 10 rooms with 4 BR and 2.5 BA and features a large bonus room, 2 covered patio areas and 2 storage sheds. The property is located a few blocks from 805 FWY and close to schools, shopping, restaurants and parks.
Recent Transaction – $310,000 Business Purpose Cash Out Refi, San Diego
Self-employed Borrower was seeking a business purpose cash out loan on an owner occupied SFR property to invest into borrowers business by paying off business debt and investing into marketing programs.
Subject is a 2 story, 4 bdrm/4.5 ba Single Family Residence located in the gated community of Torrey Highlands in the Carmel Valley community of San Diego. The neighborhood is a well maintained, gated subdivision with guard station. Association fees are $370 per month with additional Mello Roos fees of $574 monthly.
Recent Transaction – $206,000 Business Purpose, San Diego, CA
Carlsbad, CA – Funding Now
|Property / Loan Information
||2nd Trust Deed
|Trust Deed Amount
|Amortization and Term
||40 Year amort/due in 42 mos.
|CLTV on Appraised Value
||Business Purpose Cash-Out
|Rate for Investor