Recent Transaction in Beverly Hills – Business Purpose Cash-Out

Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $5.6Mil
Appraised Value $9.56Mil
Occup Non-Owner Occ.
Lender Rate 10.00%
LTV on Appraised Value 58.57%
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in 36 mos.
Guaranteed Interest 6 months

 

 

 

Loan Scenario:

Beautiful SFR located in Beverly Hills, CA with fireplace, swimming pool and panoramic view of canyons/mountains, distant city lights and ocean views. Property consists of the main house with entry/foyer, guest/powder room, dining and family room. Detached from the house is the guest house with 1 bed/1 bath, swimming pool, spa and patio/deck with walking paths.  Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.