Recent Transaction in Calabasas – Business Purpose Cash-Out

Property / Loan Information
Property Type SFR
Lien Position 2nd TD
Loan Amount $116,000
BPO Value $1.6Mil
Occup Non-Owner Occ.
Lender Rate 11.00%
CLTV on BPO Value 59.50%
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in36 mos.
Guaranteed Interest 6 months




Loan Scenario:

Business owner and Woodland Hills resident looking for cash-out to complete rehab on the subject property. This property is a 3,348  s.f., 4 bdr/4.5 bath house located in Calabasas Park Estates and is located on the main road of this 550 home development.  It has a great floor plan: 2 story; 1 bedroom with its own bathroom downstairs, and 3 bedrooms upstairs, each of them with its own bathroom and the Master bedroom has a walk-in closet. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.