Recently Funded Hard Money Loan in Calabasas for $220,000


Property / Loan Information
Property Type SFR
Lien Position 2nd TD
Loan Amount $220,000
ARV BPO Value $1,75Mil
Occup Non-Owner
Lender Rate 11.75%
CLTV on BPO ARV 60.40%
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in 36 mos.
Guaranteed Int. 6 months




Loan Scenario:

642 FICO Woodland Hills resident, Business owner and previous borrower of Mortgage Vintage looking for a business purpose cash-out. Partial of the funds will be used toward borrower’s advertising business and the remainder will be used to pay off existing 2nd TD and finish the rehab on the subject property.  Mortgage Vintage, Inc., was able to fund this hard money loan in Calabsas, CA, within 3 business days from receiving the signed Term Sheet.