Recent Transaction in Calabasas – Business Purpose Cash Out

Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $600,000
Appraised Value $2.35Mil
Occup Owner Occ.
Interest Rate 9.00%
LTV on
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in 36 months
Guaranteed Interest 6 months




Loan Scenario:
Business owner looking for a business purpose cash-out on owned free and clear SFR in Calabasas, CA.
Subject Property is a 5 bdr, 6.5 baths 4,994 s.f. SFR sitting on a large 21,3000 s.f lot located in Calabasas, CA. Property features distressed hickory & stone floors, quartz and granite countertops, stainless steel appliances and solar energy panels. Property includes plantation shutters with deluxe master bedrooms and stone baths, salt water pool and spa, waterfalls BBQ area, indoor/outdoor shower and multiple patios. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.