Recently Funded Hard Money in Gardena, CA for $1,267,500

Property / Loan Information
Property Type  Comm/Industrial
Lien Position 1st TD
Loan Amount $1,267,500
Appraised Value $1.956Mil
Occup Non-Owner Occ.
Lender Rate 9.25%
LTV on Appraised Value 64.18%
Loan Type Business Purpose Purchase
Amortization Interest Only Due in 36 mos.
Guaranteed Int. 6 months

 

 

 

Loan Scenario:

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.

 


Recently Funded Hard Money Loan in Gardena for $182,500

 

Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $182,500
BPO Value $365,000
Occup Non-Owner
Lender Rate 9.00%
LTV on BPO Value 50.00%
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in 24 mos.
Guaranteed Int. 6 months

 

 

 

Loan Scenario:

Real Estate Investor looking for a business purpose cash-out to finance new business venture. Subject property is a 1,296 s.f., 3 bed, 2 baths SFR in Gardena near the 91 & 110 FWY located on a low trafficked, nice residential street with easy access to the 110 & 405 FWY. Property features wood flooring, carpeted bedrooms, wood kitchen cabinetry and counters, enclosed patio and mounted central air furnace. Mortgage Vintage, Inc., was able to fund this hard money in Gardena, CA, loan within 3 business days from receiving the signed Term Sheet.