The borrower is refinancing his investment property in Hidden Hills. His plan is to demolish the existing house and refinance our loan with a construction loan. Hidden Hills is a gated community notable for housing several celebrities and actors. Even though the property (over an acre) retains most of its value in the land, as a requirement to demolish the property we will require the borrower to transfer 700k into a fund control account which he will then use to landscape and build the foundation. The borrower has a seven figure income with excellent credit.