|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Appraised Value||64.18%|
|Loan Type||Business Purpose Purchase|
|Amortization||Interest Only Due in 36 mos.|
|Guaranteed Int.||6 months|
Real Estate Investor/Borrower purchased this Industrial building for investment purposes. Subject Property is owner user operating as an import/export car business on a stand-alone building. Borrower brought in over $700k of own cash into this investment. The subject property is a commercial/warehouse building totaling 12,000 S.F. of gross building area situated on a 31,576 S.F. commercial-zoned site. Subject was originally constructed in 1959 and has been adequately maintained. Mortgage Vintage, Inc. was able to fund the hard money loan in Gardena, CA within 3 business days from receiving the signed Term Sheet.