Recently Funded Hard Money Loan in Anaheim for $150,000

Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $150,000
BPO Value $410,000
Occup Non-Owner
Lender Rate 9.00%
LTV on BPO Value 36.59%
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 cash-out to payoff business 1st TD. The subject property is a 1-story bungalow style edifice consisting of 976 s.f. on a 7,750 s.f. lot in Anaheim. Subject property is in fair condition with some repairs needed; the kitchen and bathroom are currently being remodeled. Subject property located near schools, shopping centers, parks and other commercial attractions. Mortgage Vintage, Inc. was able to fund this hard money loan in Anaheim, CA, within 3 business days from receiving the signed Term Sheet.