Daly City Investment Acquisition

Two Rentable Spaces (1st and 2nd floor) in a Daly City SFR was an attractive purchase for our borrower. Featuring great floor plans, this non-owner occupied 2-story, was built in 2016 and will be rented out immediately. The upper level has 2 bedrooms, plus den and 2 bathrooms. Lower level is 1/1. Walking distance to BART makes it even more attractive for renters commuting into San Francisco. Loan to cost is 50%, and RMF has the 1st DOT for 12 months.