Recent Transaction in Perris – Business Purpose Cash-Out

Property / Loan Information
Property Type Land
Lien Position 1st TD
Loan Amount $400,000
Appraised Value $2.6Mil
Occup Non-Owner Occ.
Interest Rate 11.00%
LTV on
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in12 months
Guaranteed Interest 6 months




Loan Scenario:
Real Estate Investor looking for a bridge loan to fund permits and entitlements for the site. The site has water, power and sewage. The area has recently seen a flurry of large big box distribution center leases and purchases including Home Depot, Lowes and Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.