This is a purchase loan for a 4 bed / 3 bath home with 2,832 sqft. The home was recently remodeled and the borrower is coming in with $150,000 of their own money for the down payment (seller will carry the balance as a 2nd).
8 Unit (2 bed, 1 bath) apartment building on the desirable Miracle Mile Neighborhood of West Los Angeles. Property is finishing it’s full remodel and is estimated to bring in $20,000/month in rent once complete. Borrower has an almost perfect credit score of 790.
12,204 sqft commercial building on a 1.06 acre lot w/ 62 parking spaces. Funds are being used to payoff a $325k loan with the cash out being used to make improvements on another investment property. Borrower credit score is 821!